Morgan Stanley
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Ireland took a firm step towards joining the eurozone core this week by extending its curve to 15 years with a bond that market participants said was the clearest sign yet that it was pulling away from the rest of the periphery. But the gap between Europe’s top borrowers and weakest names may be about to narrow further very soon. This could be in response to moves by European Central Bank president, Mario Draghi, who opened the door a little further to full blown quantitative easing. -
French telecoms group Altice announced its €7bn offer to buy the Portuguese assets of Portugal Telecom from Oi, the Brazilian telecoms company, on Monday, firing the first round in what looks to be a political bidding war.
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UK cinema chain Vue has issued €70m of six year senior secured floating rate notes to back its acquisition of Space Cinemas.
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United Internet — Marine Harvest — Heathrow
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Alliance Boots’ £12bn leveraged buyout in 2007 was a titanic and totemic deal, which symbolised the height of the pre-crisis LBO wave. This week, the financing was done that will remove the UK pharmacy group’s name from the corporate landscape, merging it with US chain Walgreens into WBA — Walgreens Boots Alliance.
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Shenzhen International Holdings raised $250m via a top-up placement on the evening of November 4, managing to exercise an increase option thanks to two days of wall-crossing ahead of the trade.
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E-commerce firm Alibaba Group, which signed a $3bn revolving facility with four lenders on August 30, has completed a limited syndication of the financing. The facility features looser covenants than its last loan and marked the first US style revolver in Asia, said a banker on the deal.
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Jens Nystedt has joined Morgan Stanley Investment Management as managing director in the emerging markets debt team, where he will focus on local market debt and strategy development.
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E-commerce giant Alibaba Group, which signed a $3bn revolving facility with four lenders on August 30, has completed a limited syndication of the financing. The facility got sealed with looser covenants than its last loan and marked the first US style revolver in Asia, said a banker on the deal.
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Shenzhen International Holdings raised $250m via a top-up subscription on the evening of November 4, with the company managing to exercise a greenshoe option thanks to a two-day wall-crossing process ahead of the trade.
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