Société Générale
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Shares in Elumeo, a German company that sells jewellery online and through a television channel, closed at €24.75 today, 1% below their IPO price, despite the strong sell-off in European markets today after Greece’s referendum on Sunday.
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Whether investors can look past the turmoil around Greece at a promising growth story will be tested this week, as Cellnovo attempts to complete its IPO in Paris.
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Turkiye Sinai Kalkinma Bankasi, the industrial development bank, has closed a €256m-equivalent refinancing loan with banks, increasing it from the deal it signed last year.
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Cyfrowy Polsat, the Polish television company, has begun meeting banks about a financing package as it seeks to replace some of its loans and bonds.
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Airbus, the European aircraft manufacturer, showed just how flashily the convertible bond market can buck trends on June 26, when it issued a €500m deal that won exceptionally good terms, even as other markets frayed.
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Public sector borrowers are snapping up opportunities in the medium term note market, as Greece’s bail-out negotiations and imminent US non-farm payroll data stifle syndicated supply.
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Fiat Chrysler Automobiles has completed syndication of a €5bn revolving credit facility, in the company's first loan refinancing since Fiat Group Automobiles merged with Chrysler last year.
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Atos, the unrated French IT and outsourcing firm, slipped into the bond market on Friday, taking a narrow window before Greece’s next round of talks with its creditors to slip a debut bond into the market.
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Europcar, the French car rental company, priced its initial public offering at €12.25 on Thursday night, for a total deal size of €879m. Its shares traded down slightly on Friday, their first day in the markets.
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Suez Environnement, the French water and waste company, has issued a pair of private medium term notes, in only its second appearance in the bond market this year.
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Two equity block trades were launched in Europe on Thursday night, despite the ever-dwindling hopes of resolution to Greece’s debt crisis. Remarkably for such a day of political stress, the Euro Stoxx 50 spent part of the day in the green and ended exactly flat.
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Europcar, the French car rental company, is set to price its €800m initial public offering at €12.25 a share, a good result in the face of a market stressed by the Greek debt crisis.