JP Morgan
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888 Holdings, the London-listed online gaming firm, will buy rival bwin.party using a $600m term loan and $50m revolving credit facility. -
Austrian insurer Uniqa Group has launched a €500m subordinated note, its first appearance in the market since 2013.
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Slovenia’s development bank, SID banka, has picked banks for a potential euro transaction five years after its last benchmark issue.
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Though Bank of America remains by far the most fined bank in history, in the second quarter results for the US banks, it was Goldman that felt the heat, sucking up a $1.45bn provision for mortgage litigation and regulatory matters.
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Deutsche Pfandbriefbank, nationalised during the financial crisis, made its stockmarket debut on Thursday and traded up 6.5%, after pricing its IPO on Wednesday evening at the bottom of the range.
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A strong performance from issuers in dollars this week means that more borrowers should look at printing in July, said SSA bankers.
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Rocket Internet, the German internet business group, raised €550m this week with a convertible bond that was criticised by rival bankers, but according to bookrunner JP Morgan was “a super-successful transaction”.
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Altice accelerated the deadline on its refinancing exercise this week, bringing forward the deadline for commitments to just three days after the deal was launched.
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Kazakhstan, Naspers and Renaissance Services reopened CEEMEA new issuance this week, relieving cash gorged investors of $5.325bn between them, in the second largest week for the region so far this year, writes Francesca Young
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India’s Phoenix Mills, a shopping mall operator, has scooped Rp2.83bn ($45m) from a qualified institutional placement that resounded well with international long-only funds, surprising even those close to the deal with their strong interest.
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China Minsheng Investment (CMI) went live on July 16 with its debut dollar bond, while China Minmetals Corp has appointed banks for a dollar bond.
