News content
-
Banco Popolare’s window of issuance for the tier two deal it has been roadshowing has closed, with the issuer set to avoid the primary market ahead of reporting earnings.
-
Oriflame Cosmetics, the Swedish beauty company, has signed a €110m revolving credit facility and adjusted the covenants to fit with its recent reduction of debt.
-
Dufry, the Swiss travel retail group, has closed the term loan stage of its bridge loan takeout. The facility is oversubscribed and likely to come at a large size.
-
Petra Diamond, the mining group that is headquartered in Jersey but has operations in South Africa, Tanzania and Botswana, is meeting investors in London and the US in preparation to print a $300m five year non-call two bond.
-
The bookbuilding phase of Windeln.de’s initial public offering in Frankfurt will close at midday on May 5, a day early, owing to strong demand.
-
HES Beheer, the Dutch ports logistics company, is closing books on its €100m add-on loan on Thursday, with the original issue discount still undecided.
-
FIG issuers' prospects in the dollar markets are looking up, as volatility, widening spreads and an unhelpful basis swap for non-euro funders risk driving borrowers from the euro market.
-
Rampant growth in BNP Paribas’ investment banking revenues helped drive the overall group’s pre-tax income up nearly 20% year-on-year to €2.552bn during the first quarter of 2015.
-
Gazprom said this week that it had signed three syndicated loans totaling €807m this year, showing banks’ stealthy appetite to lend to Russian companies.
-
A sharp sell-off in European government debt scuppered Emirates NBD’s attempt at a $500m five year on Wednesday, leaving investors skittish and the UAE bank with a $350m print.
-
David Armstrong, chief executive of Wasps, has defended the English rugby club’s bond issue against accusations that it is too risky for the listed retail bond market.
-
The RMB qualified foreign institutional investors (RQFII) programme saw its sharpest monthly acceleration ever in April 2015. The programme, which launched in 2011, saw the State Administration of Foreign Exchange give out Rmb33.9bn ($5.5bn) in quotas in a single month across four jurisdictions.