News content
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Solvay, the Belgian chemicals company, is buying Cytec in a deal that values the US-based firm at $6.4bn and will be funded in part by a rights issue. -
BPCE, the French banking group, sold a €151m block of shares in Nexity, the French real estate firm, on Tuesday evening, as it continued to implement its plan to divest non-core assets.
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Deutsche Boerse is set to break a long fallow patch for the euro hybrid market, conducting an investor call on Wednesday for a deal in the format that could price as soon as Thursday.
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IBM dipped into the sterling market on Wednesday for a small but sharply priced seven year print. While some expected a larger deal size than £300m, they agreed that the deal was a positive sign for a market that has seen declining supply in 2015.
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Export Development Canada leapt into the dollar market on Wednesday to get a $500m print away in line with its secondary curve.
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Italy is almost certain to cut its 10 year borrowing costs for the first time since March in an auction on Thursday — and readied itself for that by selling debt at a smidge above 0% on Wednesday.
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Pemira debt managers has announced the final closing of a €1.1bn direct lending fund, Permira credit solutions II, further increasing the weight of capital in the mid-market.
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Deutsche Bank and Morgan Stanley will provide a €4.4bn bridge loan for German building materials supplier HeidelbergCement to buy Italian competitor Italcementi.
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Slovenia’s development bank, SID Banka, increased priced its first deal in five years on Tuesday, raising the deal size from a planned €250m.
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Russian fertiliser producer UralChem is in the market for a syndicated loan led by Natixis, according to a banker looking at the deal.
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Banco Sabadell was forced to pull a benchmark four year senior unsecured deal on Wednesday, as what many bankers saw as a juicy new issue premium failed to pull in sufficient demand.
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Barclays investment bank revenues held firm in the second quarter, helping the bank post a strong set of results that sent its share price up on Wednesday.
