News content
-
Equiniti Group, the UK share registrar and pension administration group, made a disappointing debut on the London Stock Exchange on Tuesday (October 27). Its shares fell 8.5%, after being priced at the bottom of their IPO range.
-
ABN Amro’s IPO, one of the most hotly awaited flotations of 2015, has cleared the last hurdle needed before the deal’s launch, with the release today of an intention to float announcement.
-
Hapag-Lloyd, the German container shipping firm, is still hoping to complete its $410m IPO, but has extended the bookbuild by a week in the hope of gathering enough demand. The deal was shrunk before the start of the bookbuild.
-
Skandiabanken, the Norwegian online bank, narrowed the price range of its initial public offering on Tuesday, having achieved investor coverage at that level.
-
A pair of agencies are set to tackle the belly of the euro curve, following a five year euro benchmark from European Stability Mechanism that left the supranational with just €2bn left to fund in 2015.
-
Eurogrid, the German electricity grid operator, swept through the primary bond market at pace on Tuesday with an €880m issue that showed there was life in the long dated market.
-
A gauge of tail risk priced into options markets has been resilient in the face of the recent rally for US stocks, indicating that many large investors are hedging their bets.
-
Procter and Gamble, the US consumer goods company, brought a €1.25bn bond issue to the European market on Tuesday, bringing life to an otherwise moribund reverse Yankee market.
-
Bank Nederlandse Gemeenten sold its largest ever sustainability bond and the European Investment Bank added a new currency to its climate bonds on Tuesday, as a draft standard was launched for the market.
-
Republic of Cyprus completed a rare combined syndication and switch offer on Tuesday with 40% of the new issue going to existing bond holders.
-
The European leveraged loan market has experienced a subdued October, with issuance not yet even up to August's level.
-
TriOptima, the over-the-counter derivatives post-trade services provider, has teamed up with FX market infrastructure firm CLS Group to complete the first compression cycle for FX forwards and swaps transactions.