News content
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Cellnex, the Spanish telecoms tower business, is expected to start trading in Madrid on Thursday May 7, having priced its IPO on Tuesday evening at €14 a share – the top end of the range.
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Haniel launched on Wednesday evening a combined sale of Metro shares and notes exchangeable into Metro shares, in an overnight deal that could total €1bn and was set to tap heavily into Europe’s increasing trend toward negative yields.
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The Australian Securities Exchange has launched FlexClear, an over-the-counter service for equities options that is expected to benefit buyside firms looking to tailor strategies through central clearing.
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Windeln.de, the German online baby products seller, dropped 18% today on its first day of trading in Frankfurt – a bitter conclusion to an IPO process that had appeared to run smoothly until then.
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English premiership rugby club Wasps has raised £35m by selling a 6.5% seven year retail bond. The bond is secured on assets including the Ricoh Arena stadium in Coventry, which the club bought last year.
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Titanium, fluoroproducts and chemical solutions business Chemours sold $2.5bn of senior unsecured notes on Tuesday, proceeds of which will go to its parent, DuPont, in the form of a dividend.
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Sweden priced an oversubscribed $2.25bn three year on Wednesday while a German state attracted strong demand to its debut in the currency.
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Spain is likely to pay higher borrowing costs than at any point this year at an auction on Thursday, as a volatile period for eurozone government bonds rumbles on from last week.
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German airline Deutsche Lufthansa has held an investor call for its postponed hybrid capital bond issue, after making a €133m operating loss in the first quarter of 2015, smaller than a year ago.
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Banks’ withdrawal from the commercial paper market is providing a boon to European SSAs, which have found strong demand for their sterling paper.
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Central Bank of Savings Banks Finland on Wednesday sold its first privately placed medium term note and is set to print more in coming weeks.
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Mining company Petra Diamond is planning to price a $300m high yield bond debut on Wednesday afternoon.