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Shareholders of China Communications Construction Co (CCCC) have voted firmly in favour of the spin-off and listing plans of the company’s dredging unit, in a deal that could raise as much as $800m. -
Tonon Bioenergia avoided default at the last possible moment by making a $12m interest payment on its senior secured bonds on the very last day of its grace period. However, holders of the company’s senior unsecured notes will likely take a hit as the company has proposed to swap the bonds for notes paying lower interest.
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Sophos Group, the IT security software developer, began bookbuilding on Tuesday for its London IPO, with a price range that could value it at over £1bn.
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Infrastrutture Wireless Italiane, the telecom towers unit of Telecom Italia, narrowed the price range on its initial public offering on Tuesday.
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Credit Bank of Moscow has announced its intention to float on the Moscow Exchange, in what would be only the second Russian IPO since Russia annexed Crimea in March 2014.
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Europcar, the French car rental company, has achieved a covered book on its initial public offering within two days of launching the bookbuild.
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A pair of borrowers printed oversubscribed dollar deals in conservative maturities on Tuesday, finding conditions easier than at the long end of the euro curve.
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Swedish Export Credit Corporation is set to price an oversubscribed green bond — its first syndication in sustainable and responsible capital markets.
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A smaller than typical seven year euro benchmark for KfW on Tuesday underlined how difficult execution in euros has become for public sector borrowers.
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Spain’s short term borrowing costs bounced out of negative territory on Tuesday, as the country readied itself for a bond auction amid a tricky euro market later in the week.
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After difficult years for performance, equity options strategy focused managers are garnering more interest from allocators as both volatility and rates rise.
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TI Automotive, the UK car parts maker being bought by Bain Capital, is rushing from Monday’s London bank meeting to New York to build support for a €1.07bn-equivalent acquisition loan. Bonds will follow later.
