UK

UK money manager Triple Point Investment Management is preparing to float a new fund on the London Stock Exchange focused on opportunities within digital infrastructure.

Shares in Dr. Martens, the UK bootmaker, rose above their IPO price on Friday morning despite volatility driving losses in the stock market more broadly.

The UK Debt Management Office has picked the banks to lead the launch of a new long-dated index-linked Gilt, which will be the final syndicated transaction of its 2020/21 financial year.

Moonpig, the UK online greetings card company, is increasing the size of its IPO and pricing the deal early after a deluge of orders for stock from investors.

HSBC appoints two within AIBC — Credit Suisse Asset Management hires head of origination in direct lending — Richard Luddington joins Rothschild

Small and medium-sized European banks could be looking at adjustments to their minimum requirements for own funds and eligible liabilities (MREL), or longer transition periods, following a review of the EU crisis management framework this year.

The UK Debt Management Office has appointed two banks as structuring advisers for the sale of its inaugural green Gilt, due to be issued this year.

Supreme, the manufacturer of liquids for vapes, has successfully concluded its flotation of London’s alternative investment market (AIM).

The IPO of Dr Martens, the UK bootmaker, shut on Thursday, two days earlier than planned after the company attracted heavy demand in its first few days of bookbuilding.

China Citic Bank Corp has raised $550m from its return to the public dollar debt market after a break of more than three years. The bank priced inside fair value estimates, leading to a large drop in the final order book.

UK covered bonds are trading close to where they would be expected, given their new regulatory treatment outside the European Union. And while euro supply prospects this year could improve on last year’s paltry sum, the vast swathe of bonds redeeming in the same period translates to a technical imbalance which will support spreads.

Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark and bid-yields from the close of business on Monday, January 25. The source for secondary trading levels is ICE Data Services.