Europe

Société Générale and Nykredit Realkredit took advantage of stable market conditions to raise non-preferred senior debt on Monday, as analysts began predicting a steady grind tighter over the next few weeks.

More companies are exploring the possibility of passing into public ownership through a process known as a "reverse merger" rather through an initial public offering, according to senior equity capital markets lawyers.

Southern Eastern European telecoms group United Group, a BC Partners and KKR portfolio company, is preparing an all-bond financing package for its takeover of Bulgaria’s Vivacom, marketing new senior secured bonds and an add-on to its existing 2025 PIK notes.

Marco Acaia has joined Nomura as a managing director in the consumer and retail coverage team.

Elite Commercial Real Estate Investment Trust has opened books for an IPO that could raise up to £130.7m ($169.7m), according to a source familiar with the matter.

European real estate company CPI Property Group turned to investors in the Lion City last Friday for its first Singapore dollar bond.

A major shareholder in SLM Solutions Group, the German maker of 3D printers, sold a chunk of his stake in the company, via an accelerated bookbuild on Thursday.

Lancashire County Council looks set to become the first borrower to make use of the UK Municipal Bonds Agency, preparing a deal to hit the market in the next few weeks. A second bond from the MBA is set to follow in March or April.

Members of the European Parliament have hit out at the appointment of a top banking regulator as chief executive of the lobbyist group the Association for Financial Markets in Europe. Meanwhile, the regulator has nominated a former Afme lobbyist as his successor.

The UK Debt Management Office has chosen the week for its fifth and final syndication of its 2019/2020 financial year.

Nationwide Building Society launched a three year preferred senior bond in sterling on Friday, with the trade’s success coming as 'no surprise' amid a favourable backdrop in the currency.

Landesbank Baden-Württemberg (LBBW) is set to become the first issuer of green non-preferred senior paper in the sterling bond market, as well as the first financial institution to include sustainability ratings in a new deal mandate.