News content

Société Générale announced on Monday it has begun portfolio margining for its clients through its Société Générale Prime Services (SGPS) business.

McDonald’s Corp fell victim to a lack of demand for long dated euro bonds on Monday. It was forced to pull the 20 year component of what had been planned as a four tranche deal.

Paccar, the US truck manufacturer, took to the public sterling bond market for the first time on Monday, drawing a solid book.

Massimo Zanetti Beverage Group, the Italian coffee company, opened books on Monday for an IPO of at least €127.6m.

Siltronic, the German silicon wafer manufacturer, launched its IPO in earnest today, as investor education began for its listing in Frankfurt.

Adecco, the Swiss recruitment and employment agency, highlighted strong demand for corporate bonds in the eight year part of the euro curve on Monday.

The European Investment Bank has mandated for a dollar benchmark, a currency that has formed a much larger part of its issuance compared to the last few years.

Robit has narrowed guidance on its €44.4m listing on the secondary Finnish exchange, finding steam in the middle of the original range as Nordic investors stay resilient amid turbulence in European IPOs.

Taiwan’s Hon Hai Precision Industry Co, also known as Foxconn, plans to issue an $800m convertible bond, set to be the largest offering in the Asian equity linked market so far this year.

Regulators have moved to assuage concerns around issues of beneficial ownership under the Shanghai-Hong Kong Stock Connect, with international investors holding A-shares now guaranteed the same rights as any other A-share investor.

Lenzing, the Austrian maker of cellulose fibre, has signed a €150m Schuldschein, refinancing its existing Schuldschein programme down from €200m.

ConvaTec, the maker of medical goods including wound dressings and catheters, will hold a bank meeting on Tuesday to market a €1.5bn-equivalent refinancing project that will take out loans and bonds.