UK

Sibanthracite to switch loan from dollars to euros — IGT cuts size, stretches tenor of bank debt — Keywords hits power up on revolver — Resolute turns to lenders to refi M&A debt — Future taps revolver for Smartbrief buy — Fraport enters the Schuldschein market for more

Aston Martin’s £79m loss in the first half of 2019 drove its shares down to £4.98 by Wednesday’s close — a huge 73.8% fall from its £19 IPO price last October, making it one of the worst performing UK IPOs of the past decade.

Barclays said on Thursday that it will redeem three of its additional tier one (AT1) bonds in September, though a weaker pound means that paying the debt back will eat into its common equity tier one ratio.

Equity Capital Markets bankers are considering the possibility of bringing selected block trades to market in this week and next, in order to avoid what could be a volatile market in September.

GlobalCapital's latest information on forthcoming and planned corporate bond issues in the European market.

Property group Savills has employed two experienced loan syndication bankers to enhance its newly formed debt advisory business.

UK bank debt has been having a hard time this week, with spreads gapping out by about 15bp on fears that the country could crash out of the European Union without a deal.

UBS and Citi trader Tom Hayes was jailed for 11 years for manipulating Libor. But while the trader argued that he was made a scapegoat for the financial crisis, perhaps the rate he rigged is a bigger victim.

Populism and economic change are melting down old idols. When the next crisis comes, new fiscal and monetary tools will be used — including helicopter money.

A dire two days for sterling served as a sharp rebuke to the UK government about its Brexit strategy and equity bankers and investors hold little hope for an imminent recovery in the country’s fortunes.

Synthomer, the Malaysian-backed UK producer of aqueous polymers, has finished its £204m rights issue after the deal won a high take-up among shareholders.

Andrew Hollingworth, a portfolio manager at Holland Advisors and shareholder in Sports Direct, has urged Mike Ashley, the sports retailer’s owner, to pay more attention to corporate governance. But had Hollingworth known about the US private placement market’s experience of dealing with Ashley — in this case over debt owed by one of his other businesses, Newcastle United FC — he might have campaigned for it even more strongly.