News content
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A long-standing public sector DCM banker is set to make a switch to the syndicate side, GlobalCapital understands.
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UK engineering group Smiths’ second euro bond was 2.3 times oversubscribed on Thursday. The issuer is a rare name in euros, and the deal was preceded by a three day roadshow. -
Klöckner Pentaplast, the German plastic packaging maker, has closed books on a €881m loan, increased by €50m, after hitting its advanced deadline for commitments with a bang.
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The Commodity Futures Trading Commission has issued no-action letters to address trade complications surrounding clerical error trades and has extended no-action relief for SEF execution confirmations.
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German investment company JAB Holding has issued a €600m 10 year bond to refinance a term loan maturing in 2016, after securing a ratings upgrade from Standard & Poor’s.
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HES Beheer — Telenet — Tofas — Avolon — Saab — Hammerson — Almer Sports
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Three debut issuers from the MENA region entered the primary market this week — Noor Bank, Africa Finance Corp and Ahli United Bank — and as investors bray for paper, others are expected.
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Iglo, the foods company that has been sold by Permira to a London-listed special purpose acquisition company, is asking lenders on a €1.2bn loan to consent to the change in control.
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Dubai-based Noor Bank sold a $500m debut sukuk on Wednesday, marking the first of what should be regular visits to the international sukuk market.
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Russia’s first international loan this year, signed by Uralkali this week, signals a momentous shift in attitude among foreign banks towards the country and provides a benchmark for the rash of borrowers that is likely to follow, writes Dan Alderson.
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UniCredit Bank Czech Republic and Slovakia printed the first covered bond to be backed by a mix of Czech and Slovakian mortgages on Thursday. The bond has been expected since the borrower first met investors on a roadshow in November.
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Supranational lender Africa Finance Corp’s Wednesday debut was a “massive exercise in price discovery,” said bankers on the trade. But one that ended with the right spread and an increased deal size on the back of strong demand.
