Spain
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Shares in Telefonica, the Spanish communications giant, fell as much as 4.75% on Friday morning after the Spanish communications giant decided late on Thursday to scrap the IPO of Telxius, its telecoms infrastructure division, after it failed to attract enough demand from investors at an acceptable price. -
Indra Sistemas, the Spanish software company, joined this week’s flurry of convertible bond deals on Wednesday, by launching a buy-back and new issue, rather like Crédit Agricole had done the day before with its exchangeable into Eurazeo shares.
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Spanish natural gas utility Enagás is in talks with its relationship banks to refinance a €1.5bn revolving credit facility.
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CaixaBank, the Barcelona-based retail bank, has launched a €1.3bn accelerated bookbuild this evening to sell a 9.9% stake in itself, as part of its move to take over Banco BPI of Portugal. The deal is one of four block trades in the European market this evening.
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Worries over an upcoming Italian constitutional referendum have driven a wedge between Italy and Spain’s sovereign bond curve, which is at a level not seen since January 2015, according to Société Générale.
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Worries over an Italian constitutional reform referendum have driven a wedge between Italy and Spain’s sovereign bond curve, which is at a level not seen since January 2015, according to a note from Société Générale.
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The Community of Madrid on Wednesday priced a eight year euro syndication fractionally inside the Italian sovereign curve.
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Spanish online travel agency eDreams increased the size of its bond to €435m on Tuesday, a deal which investors struggled to find comparables for.
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Telxius, the telecoms infrastructure division of Telefonica, has signed a €190m with the 10 banks which are arrangin its IPO, for which books opened yesterday.
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Books opened on Tuesday afternoon for the IPO of Telxius, the telecoms infrastructure division of Telefonica — an unusual company that combines telecoms towers with submarine fibre optic cables.
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The Autonomous Community of Madrid has announced that it will sell its third benchmark of 2016.
