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Worldpay, the UK payment processing company, floated for £2.16bn on Tuesday, in the largest initial public offering in London since Glencore’s in 2011, and the fifth largest in Europe since the financial crisis.
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The European equity block trade market came to life on Monday evening, with four deals launched, including one that brought an end to the UK’s 499 year long state ownership of Royal Mail.
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Enexis, the Dutch electricity grid operator, issued a €500m bond on Tuesday and achieved a six times oversubscribed book, which syndicate bankers hailed as potentially reinvigorating Europe's corporate bond new issue market.
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Bravida, the Swedish electrical, heating, plumbing and ventilation systems installer, narrowed the price range of its IPO on Tuesday morning, inside the top half of the original range, meaning the deal is likely to raise at least Skr2.8bn (€305m).
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A European agency is set to bring what will be the first dollar benchmark of the week from a public sector borrower, after mandating banks for a deal on Tuesday.
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Portugal is underperforming its nearest peers in the eurozone periphery ahead of a debt auction later this week, amid tense talks to form a government for the country.
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Anheuser-Busch InBev, the world's largest brewer, will need some $69bn of debt for its acquisition of SABMiller, and appears to have formed a syndicate for a $70bn bridge loan.
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The European Stability Mechanism blasted open the long end of the curve on Tuesday with its longest bond to date. The 30 year stormer has prompted several other issuers to explore maturities of 10 years and above.
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Commitments are due on Thursday October 15 for Concordia Healthcare Corp’s loans for its $3.5bn acquisition of Amdipharm Mercury from Cinven.
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Kuka, the robotics and automation company headquartered in Augsburg, Germany, has issued a €250m Schuldschein note.
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Moody's Liquidity Stress Index, which calculates the ease of access to cash for speculative grade companies, has risen slightly since its all time low in February, as demand in the high yield market has cooled.
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The Cambodia Securities Exchange (CSX) is set to welcome the third IPO on its bourse, with state-owned Phnom Penh Autonomous Port (PPAP) scheduled to price a $6.41m listing this month.