News content
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German fashion holding company CBR Fashion was the second prospective ECM issuer to withdraw its IPO this week, blaming volatility caused by the Greek crisis. -
Omani oil and gas firm Renaissance Services has picked banks for a subordinated perpetual deal in either dollars or Omani rial.
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Mexican telco América Móvil has hit the road despite the threat of a Greek default. The firm is looking at dollar and global local peso bonds, but has a definite currency preference, said bankers close to the sale.
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The reception to a Spanish bond sale on Thursday morning showed that deadlock over negotiations between Greece and its creditors has failed to derail the ability of members of the European periphery to raise funds.
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The US investment grade market endured its first week of zero supply of 2015 as the situation in Greece forced borrowers to the sidelines ahead of the July 4 holiday and crucial US jobs data.
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Credit Bank of Moscow started trading on the Moscow Exchange on Wednesday, after raising Rb13.2bn ($237m) in the year’s second Russian initial public offering.
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Investors and issuers in the euro SSA market could face even more challenging conditions after the European Central Bank on Thursday added several names to the list of assets it can buy, analysts have warned.
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Puerto Rico’s unsustainable debt problems have intensified this week, but the wider municipal bond market has so far remained resilient.
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UK gambling technology company Playtech has secured a €200m revolving credit facility to acquire online forex trading platform Ava Trade for $105m.
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US industrials company Danaher broke the torpor afflicting primary corporate bond markets with a €2.7bn issuance to back its purchase of Pall Corporation on Wednesday.
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Wilmington, the UK business information and education firm, has extended a £65m revolving credit facility that had been due to mature in July next year.
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Spanish construction and energy company Abengoa may be on course to recovering investor trust after Standard & Poor’s backed its strategy to reign in its leverage burden.
