Morgan Stanley
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Banco Santander has launched its €7.07bn fully underwritten rights issue to support its acquisition of the failed Banco Popular Español, saying it expects to make a return on investment on the deal of 13% to 14% by 2020. -
Metallurgical Corporation of China (MCC), China National Chemical Corporation and Thailand’s PTT Exploration and Production are out in the market, gauging appetite for their respective bonds.
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Mainland firm Hebei Construction Group is vying for approval to list in Hong Kong, filing a draft prospectus with the city’s exchange.
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UBI Banca, the Italian bank, completed its €400m rights issue on Friday June 30, when the tiny rump of 6.7m rights, not subscribed for during the subscription period, were all sold on the stockmarket in the first few minutes they were offered.
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A new Zurich IPO began investor education on Monday, of electric meter maker Landis & Gyr, based in Switzerland. “It’s big,” said a banker on the deal, which may come at about $2.25bn to $2.75bn.
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The leveraged loan market is set to take in one more issuer from the high yield bond market as French jewellery retailer Thom Europe looks for new term loans to redeem all of its bonds.
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China’s ZhongAn Online Property and Casualty Insurance Co has taken a formal step towards listing in Hong Kong, filing a draft prospectus for an IPO that could raise at least $1bn, according to bankers familiar with the matter.
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India’s Rural Electrification Corp found investors more interested in its government links than its bond’s green label when it debuted in the offshore market on Thursday with a $450m deal.
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French property company Gecina latched on to the latest trend for issuance in the multi-tranche European corporate bond on Tuesday, with a short dated floating rate tranche following other issuers to have done the same recently.
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Spanish lender Unicaja Banco got its €687.5m IPO over the line on Thursday, helped by a strong showing from US funds and rising confidence in European financials.
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Delivery Hero, the online food ordering platform backed by Rocket Internet, bagged €866m in its IPO on Wednesday after closing a heavily oversubscribed book.
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On Wednesday, Heathrow returned to the euro bond market for the first time in over two years, with rates volatility providing a turbulent backdrop for the deal.
