Search results for

Dollar denominated agency paper was showing a strong bid against Treasuries this morning (Tuesday).

Arena Leisure, the racecourse owner and media group, will look to raise £85m (Eu137m) on the equity markets through an open offer. The roadshows for the issue kicked off on Wednesday and will run until May 22. Books for the open offer to shareholders will remain open until May 30, when the deal will be priced. Deutsche Bank, which is leading the issue, will then be able to place any remaining shares with those who came in to the deal during bookbuilding.

ingapore * Development Bank of Singapore Ltd

Europe * Phoenix Funding Plc

Who shot Connor Killeen, the greatest living Irish folk hero since Peter O'Toole, Stout Murphy and Molly Malone? The co-head of equities at Dresdner Kleinwort Wasserstein had almost become part of the furniture but to give him full credit, he had helped to build a very decent equities business at the bank which was a regular contender for the middleweight title and on a good day and with the crowd cheering, could punch well above its slender appearance. Killeen was one of the better residents of the old UBS stable which was mainly filled with no-hopers and chancers. For Kleinwort Benson, then going nowhere but sideways, he was a brilliant hire. The equity capital markets area, especially in IPOs, is not a user-friendly business and the best training ground would be in an amphitheatre facing the equivalents of Russell Crowe

Barclays Capital has scored a major coup by taking Grant Kvalheim, John Winter and Peter Goettler from Deutsche Bank in New York. Kvalheim becomes global head of credit products and a member of the firm's executive committee. Based in New York, he reports to Bob Diamond, CEO of Barclays Capital.

An initiative to promote investment in bonds by UK retail clients was today (Tuesday) launched by Barclays Capital and UK stockbroker Winterflood Securities.

SG Cowen is testing investors' sentiment for the biotech sector by launching an Eu81m secondary offering for NicOx, the French biotech company. The biotech sector, much like internet stocks, has fallen a great deal in the last year as investors have looked to decrease the risk in their portfolios. But NicOx hopes to persuade investors that its pipeline of deals will result in a turnaround in profits.