News content
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Tinc, the Belgian infrastructure investment firm, rose gently on Tuesday, its first day of trading on Euronext Brussels, after an initial public offering that totalled €95.8m.
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Labco, the French medical diagnostics firm, is set to price its IPO at or near the bottom of the original range, to raise about €440m of primary and secondary proceeds.
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Bund-ageddon may be striking fear into the hearts of traders and investors across Europe. On paper, the price moves are brutal but calm is called for.
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A pair of highly rated SSAs are set to dip into dollars on Wednesday, after two issuers had contrasting fortunes in the market on Tuesday. -
Dutch speciality chemicals firm IMCD and shareholder Bain Capital together netted €328m on May 12 through concurrent primary and secondary share offerings, priced without a discount.
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The pipeline for corporate bonds is swelling rapidly, with three issuers mandating for European roadshows on Tuesday, including two from the eurozone’s periphery.
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Sponda, the Finnish property company, was the only company to tap the euro bond market on Tuesday, defying a weak tone to sell its first deal since 2013.
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KfW drew strong central bank interest for a sterling tap on Tuesday, becoming the first SSA to print in the currency since last week’s UK general election.
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The European Financial Stability Facility took several SSA bankers by surprise on Tuesday, when it mandated for a 30 year tap in an unstable euro market.
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The founder and chief executive of UK serviced offices group Regus found an opportune time to pare his holdings, raising £73.5m via an accelerated bookbuild on Monday night.
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Standard Chartered is sounding out Kenyan and international banks for a $500m loan for Kenya Power and Lighting Co that includes a World Bank guarantee.
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Autodis, the French car parts distributor, priced a €60m tap late yesterday, pricing the deal at 103.25 to yield 5.518% to maturity.
