Top stories

• LSEG spurns HKEX's £32bn takeover bid

  

  London Stock Exchange Group (LSEG) has emphatically rejected the unsolicited £32bn takeover bid by Hong Kong Exchanges and Clearing (HKEG), with LSEG's board suggesting that the deal has profound flaws.

  • 13 Sep 2019

• Nissan debuts in US private placements, as car companies take shelter in private debt

  

  Nissan has sold upwards of $600m US private placements in the first US PP deal for any Japanese car company, according to several people familiar with the situation. Headline deals from car companies in both European and US private debt markets this year has led market players to believe private investors are taking a rather forgiving approach to the industry’s challenging moment. Silas Brown reports.

  • 12 Sep 2019

• Enel-SG trade shows derivatives market’s sustainable longings

  

  The over-the-counter derivatives market is one of the last areas still barely touched by the wave of interest in environmental and social issues that is sweeping financial markets. But below the surface, derivatives players want to get involved. That was highlighted publicly on September 5 when Enel, the Italian power and gas group, engaged with Société Générale in what it called “the world’s first Sustainable Development Goal-linked cross-currency swap”.

  • 12 Sep 2019

• Battersea Power Station secures loans for third development phase

  

  Battersea Power Station, the former power station on the banks of the Thames in London, has got £600m of additional term loans for the third phase of its redevelopment.

  • 12 Sep 2019

• Deutsche promotes Lewellen to run IG DCM, Buvat to run levfin

  

  Deutsche Bank has announced a round of senior appointments in its primary debt businesses, naming Hoby Buvat head of EMEA leveraged finance origination and Mark Lewellen head of EMEA debt capital markets origination.

  • 11 Sep 2019

• Capital markets divided as ECB wheels out big guns once more

  

  There was a mixed bag of views across the capital markets after the European Central Bank unleashed a new comprehensive stimulus package on Thursday, comprising restarting net bond buying, a rate cut and a tiered deposit rate system for banks.

  • 12 Sep 2019

• Pinewood’s bond with shaky terms gobbled up

  

  Pinewood Studios' effort to re-cast itself as a real estate company seemed pure box office to investors, who placed enough orders for a new bond to allow the borrower to up the deal size and still price at the tight end of guidance.

  • 12 Sep 2019

• Nissan debuts in private debt, taking shelter with US PPs

  

  Nissan has sold upwards of $600m US private placements in the first US PP deal for any Japanese car company, according to several people familiar with the situation.

  • 11 Sep 2019

• Hong Kong exchange gatecrashes LSE-Refinitiv party

  

  Hong Kong Exchanges and Clearing has made an unsolicited £32bn bid for the London Stock Exchange Group, a move that could torpedo the LSE’s acquisition of Refinitiv.

  • 11 Sep 2019

• Kernel secures yet another facility, as EBRD continues Ukrainian funding

  

  Kernel, a Ukrainian grain and sunflower producer, is set to secure yet another credit facility, alongside an amend and extend deal it recently signed. The European Bank of Reconstruction and Development will provide up to $80m of the total $300m facility, as the development bank continues to support Ukrainian corporates.

  • 11 Sep 2019

• Two UK airports set to sell US private placements

  

  Two of the smaller airports in England are looking to raise US private placements, according to sources in the market, as players note that airports and port operators in Australia and Europe have carved out a particularly strong section of the market in the past 12 months.

  • 09 Sep 2019

• Auto industry takes comfort and cash in Schuldschein market

  

  The car industry has long been a staple of the Schuldschein market, but this year more than borrowers than usual have taken a spin round the market in search of debt. The product has attracted a wide range of manufacturers, from its native Germany and the rest of Europe.

  • 10 Sep 2019

• Lonza refinances its revolvers and terms

  

  Swiss medical firm Lonza has refinanced its term debt and revolving credit facilities, in dollars, euros and Swiss francs.

  • 10 Sep 2019

• RMB Mauritius secures loan, months after dollar debt transfer

  

  Rand Merchant Bank International Mauritius (RMBIM) has secured a $400m syndicated loan from international lenders, months after a transfer of dollar debt from FirstRand Bank. The deal marks the latest in a series of loans raised by South African banks this year.

  • 09 Sep 2019

• Market first as Northern Irish housing association seeks US PPs

  

  Radius is set to become the first housing association from Northern Ireland to issue US private placements, with Barclays prepping a deal of at least £100m.

  • 09 Sep 2019