UBS
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Cinven sold a Skr735m ($86m) block of shares in Swedish outsourcing company Coor Service Management on Thursday last week. The deal represented a whopping 250 days of average trading in the stock.
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The board of Sponda, the Finnish property investment firm, has decided to raise €220.8m in a rights issue to partially repay a bridge loan. -
Solera Holdings’ $3.9bn debt acquisition package has been reduced, following insufficient demand for the $2bn-equivalent bond’s euro tranche.
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One of UBS's most senior managing directors in European leveraged finance has left the bank.
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China is hosting the G20 meeting this week in Shanghai and the question about the path ahead for the renminbi is front and centre. But, despite subdued volatility in the currency following the Chinese New Year holiday, the picture remains as muddled as ever.
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UBS launched the first euro senior bank holding company bond of the year on Thursday, but bankers were divided over the trade’s pricing, as well as whether more could follow.
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Even though the Swiss franc/dollar cross currency swap has been trading in negative territory through January and February, Amgen, the US biotechnology company, made an impressive debut in Swiss francs this week with a seven year bond, the largest in the currency this year.
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UBS launched the first euro senior holdco deal of the year on Thursday and despite the trade’s strong reception and competitive pricing, bankers remain divided over whether more can follow.
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Deutsche Bank has made a series of senior changes to its debt and loan teams in Asia, which will see Haitham Ghattas, the new head of debt origination for Asia, take charge of four origination units.
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Grand City Properties issued its fourth convertible bond on Wednesday, raising €450m, more than the other three deals put together. The German housing company capitalised on the successful performance of its earlier deals to win €2.5bn of demand and strong terms.
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All eyes in the European leveraged finance market are focused on Solera’s $3.9bn debt package, the only deal in play.
