UK Sovereign
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Bankers this week heralded the success of Jimmy Choo’s initial public offering, which was priced in the depths of a highly volatile equity market, as vindication of the lean syndicate model. Some hoped it would bring an end to the bulging bank groups branded insane by one financier. -
Virgin Money said it would miss its October target for completing its IPO, after it postponed the start of bookbuilding last Friday (October 17). Bankers close to the deal insisted that the company was waiting for more stable markets to return, rather than pulling the deal entirely.
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Société Générale will move its London operations to Canary Wharf, consolidating its three different London sites into one building.
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British car retailer BCA Marketplace pulled its IPO on Tuesday, blaming continued volatility in global equity markets.
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Internet services company Afilias launched an IPO on Tuesday, hoping to list on London's AIM in November.
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Spirit Pub Co, which owns chains such as Taylor Walker, Fayre & Square and Wacky Warehouse, has announced it will recommend its shareholders to accept Greene King’s latest takeover bid.
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The UK Debt Management Office has named the banks that will be on its next syndicated bond issue, a tap of its 3.5% 2068 Gilt.
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Virgin Money said it would miss its October target for completing its IPO, as bookbuilding was set to begin today (Friday). Bankers close to the deal insisted that the company was waiting for more stable markets to return, rather than pulling the deal entirely.
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UK luxury accessories firm Jimmy Choo completed its IPO on Friday, pricing the deal at the bottom of the range. Strong momentum helped the deal achieve the now rare feat of successfully being completed at all.
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Citi has completed its first renminbi cross-border automated sweeping structure from China to London. While a global RMB cash pooling solution enables corporates to integrate RMB effectively into their treasury and liquidity structures, the bank believes it is also truly paving the way for the RMB’s development as an international currency.
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The Guinness Partnership, one of the oldest and largest of the UK housing associations, issued a £150m bond on Thursday, in the aftermath of one of the most turbulent days in the bond market for years.
