UK

London football club Tottenham Hotspur FC has entered the US private placement market, looking for £350m to partly pay off bank loans generated from the construction of its new stadium.

Acadia Healthcare, which owns UK mental healthcare provider the Priory Group, needs the consent of lenders if it wants to go through with its plan to sell the company, a research company says. US-based Acadia could be forced to use the proceeds of the sale to deleverage.

The two to 10 year section of the gilt market inverted on Wednesday, strengthening portents that the UK is headed for a recession, though SSA bankers showed no concern about the moves.

Freyherr International Group, the Slovenian medical marijuana company, has priced its IPO on the London Stock Exchange.

A number of highly anticipated emerging market IPO issuers are understood to have shifted listing plans to next year instead of the last quarter of 2019.

BUUK Infrastructure, a UK utilities firm formerly called Brookfield Utilities, has sold US private placements, according to market participants.

Thomas Cook's shares and bonds fell on Monday after the company disclosed that it is in talks to raise £150m of capital from its creditors and largest shareholder to keep trading over the winter period.

SDIC Power Holdings will be the second Chinese company to list in London through the Stock Connect scheme with Shanghai, after a China regulator approved the deal.

UK mining company Sirius Minerals has put its hopes of survival on getting a high yield bond away in September after it postponed a deal earlier this week. But investors are skeptical about the firm's chances. Sirius will run out of money by the end of September and its $3.8bn financing package will turn void on October 30.

Next, the Baa2/BBB (negative) UK retailer broke a dry spell for corporate investment grade issuance on Wednesday when it sold £50m of bonds retained from a new issue done in April.

Newport City Homes (NCH) has sold a £95m private placement to Legal & General, as housing associations soldify their position in the private debt market.

Green Schuldscheine have been a peripheral feature of the market for the past three years but this seems to be changing, with a billion plus transaction from Porsche and a sustainability linked note from Durr stirring investors into a frenzy. This green turn could have more of an impact for short term market growth than the odd non-European borrower tapping the market.