Ireland
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Shares in Aryzta, the frozen baked goods company listed in Ireland and Switzerland, surged by as much as 13% on Tuesday morning after it signed an agreement with five international banks to underwrite its €800m rights issue.
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Ireland has published a framework for Irish Sovereign Green Bonds and will roadshow in the coming weeks for its first green bond issue, which may be used to fund a wide variety of climate change-related and broader environmental spending.
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Ireland’s Dalata Hotel Group is due to acquire the long leasehold interest of a London hotel for £91m, with debt financing the purchase.
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Ireland’s Cairn Homes has agreed a €350m debt package from four institutions, with the homebuilder managing to lock in cheaper funding costs than the loans being refinanced.
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A flurry of new issuance activity on Wednesday did not prevent Bank of Ireland from pricing its first senior deal from its holding company at a level that was close to the fair value implied by secondary market valuations.
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Shares in Aryzta, the bakery listed in Ireland and Switzerland, fell as much as 10% on Monday morning after the company said it plans to raise €800m via a rights issue to shore up its balance sheet after a series of profit warnings this year.
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Glenveagh Properties, the Irish housing developer owned by Oaktree Capital, has concluded the final leg of its €213m placing, conditional placing and open offer, which it originally announced in July to finance the acquisition of more land in Ireland.
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A group of Chinese investors lead by Zhongze Group has struck a deal to acquire Irish stockbroking group Goodbody, in the first step towards international expansion.
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Greencoat Renewables, the renewable energy fund listed in Dublin and London, has raised €111m to fund Irish windfarm acquisitions.
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Post-trade infrastructure company Depository Trust and Clearing Corporation (DTCC) on Wednesday announced that it would open a new office in Dublin in an effort to sidestep uncertainties stemming from Brexit.
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Greencoat Renewables, the Irish wind farms fund managed by Greencoat Capital, has kicked off its first follow-on offering since its €270m flotation on the London Stock Exchange almost a year ago.