Morgan Stanley
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The Irish telecommunications firm Eircom Holdings on Tuesday issued a benchmark size secured bond 25bp inside guidance levels — giving heart to issuers that would rather not wait for the UK referendum result. -
A resurrection of what should have been last year’s biggest deals from Veritas and a euro deal from Altice point to a leveraged loan market that has returned to good health, writes Max Bower.
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Two live Dutch IPOs for state-owned insurer ASR Nederland and gym chain Basic Fit have both issued revised price guidance. ASR remains on track to become the largest Amsterdam IPO of the year.
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Emerging market bonds gained renewed energy this week as the likelihood of a US rate rise in June fell. A torrent of issuers are bringing new bonds on both sides of the Atlantic.
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Basic-Fit, the low cost gym group, is expected to issue revised price guidance for its IPO in the next 24 hours.
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Of the five IPOs due to reach completion this week, Norway’s B2 Holding finished its bookbuild today and Dong Energy has put out final guidance. Van Lanschot has also just revised its guidance. The other two — ASR Nederland and Basic-Fit — have still to refine their original price ranges.
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The Irish telecommunications firm Eircom Holdings on Tuesday issued a benchmark size secured bond at 25bp inside guidance levels — giving encouragement to the group of other issuers waiting in the pipeline.
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Commercial Bank of Qatar shrugged off signs of fatigue after $24bn of GCC supply this year to print a $750m five year on Monday.
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Dong Energy has narrowed the price range for its IPO, cutting off the bottom end of the range, after a banker on it said: “it’s about as strong an IPO as we’ve seen in a long time”.
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Ireland's largest fibre network operator, Eircom Holdings, on Monday brought a rare offering from the telecoms industry to the high yield market.
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Allnex, the Brussels-headquartered coating resins business, has allocated its €730m cov-lite seven year term loan after transferring €30m to the dollar tranche and further increasing it.
