News content
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Poste Italiane, the Italian state-owned post office, narrowed on Wednesday the price range of its initial public offering in Milan. The bookbuild is set to close on Thursday. -
Vesteda, the Dutch residential property company, issued a €300m unsecured bond, its second, on Tuesday, on the same day as Hammerson, another real estate company, was issuing in sterling.
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Portugal’s secondary spread over its peers rose on Wednesday amid concerns that progress on its economic reforms could be slowed by a political stalemate — but it was still able to cut borrowing costs at a bill auction.
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A second Canadian SSA issuer is bringing a deal in the week that the country elected a new government — but has opted for a different core currency to its compatriot.
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Province of Quebec has printed the first euro benchmark from a Canadian SSA since Ontario pulled a deal earlier this month. Though subscribed, the €750m 10 year deal was not the blowout bankers were hoping for and is indicative of a tough market environment.
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Options and futures markets in gold and other precious metals have paused in their recent rally, in advance of the Federal Open Market Committee meeting on October 27-28.
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Germany’s third largest cable operator launched new loan facilities on Wednesday with a lender meeting at 1.30pm in London.
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Agrokor, the Croatian food and drinks producer and retailer, has secured a €200m club loan with four banks.
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Intercity, the Turkish car lessor, has signed what is thought to be the first ever Samurai loan for a Turkish company, for €40m. But Japanese investors will not come piling into the Turkish market, said one banker.
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The People’s Bank of China priced its first offshore renminbi bond late on October 20, raising Rmb5bn ($788m) in a deal widely hailed as an important milestone in the internationalisation of Chinese capital markets.
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Concordia Healthcare Corp allocated its new debt facilities on October 20, one day before it was scheduled to complete its takeover of AmCo for $3.5bn.
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Credit Suisse will raise Sfr6bn of new equity and float its Swiss domestic arm, as part of a strategic overhaul in which it is also making big bets on Asia and wealth management.
