Morgan Stanley
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Ferrexpo, a Ukrainian iron ore pellet exporter, has attracted bondholders holding $214.3m of its $500m 7.875% 2019s to its exchange offer. The minimum participation condition of 60% of the notes was not satisfied but the issuer has decided to waive it in order to accept the notes.
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Yestock Automobile Service, a car rental company based in China, is hoping to raise $200m-$300m via a listing in Hong Kong in the second half of the year. -
Danish telecommunications company TDC has put in place the first part of its long term funding for its acquisition of Norwegian cable company Get AS, with a €750m hybrid bond.
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World Bank broke two of its green bond records on Thursday, selling its longest dated syndication in the format and its largest in dollars to date.
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América Móvil has picked six banks to arrange a global Mexican peso note, with investor meetings starting on Friday.
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ING made its first block trade in NN Group on Tuesday night, since floating its insurance arm in July for €1.77bn. The highly successful trade netted €1.248bn.
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Picard Surgelés, the French frozen food producer and retailer, sold a €770m bond on Wednesday, of which €602m will be used to pay a dividend to shareholders.
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3SBio Inc, a biotech firm based in China, is looking to raise $400m-$500m from an IPO in Hong Kong, in what would be its second outing as a listed concern after delisting from Nasdaq in 2013.
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This week was supposed to be all about IPOs in the European equity capital market, with the pricing of a string of deals, above all the highly successful €4.25bn privatisation of Aena, the Spanish airports operator. But a carnival of block trades on Thursday stole the show, as sellers from British Telecom to Silvio Berlusconi pounced on a rising market, either to lock in recent gains opportunistically or to further strategic business needs. Jon Hay reports.
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Tuesday brought three block trades in Europe’s equity capital market. The European Bank for Reconstruction and Development sold its whole 5.1% stake in PKP Cargo, a Polish rail freight operator, for Z197m (€47m) via Goldman Sachs and Wood & Co.
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