UK
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The Netherlands Development Finance Company (FMO) and the Bank of England hit screens with dollar mandates on Monday to start what should be a busy week of supply in the currency for public sector borrowers, according to bankers. -
Tritax Big Box Reit, the UK real estate investment trust focused on ‘Big Box’ warehouse assets, has completed its tenth capital increase since its IPO on the London Stock Exchange in December 2013.
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Cadent Gas has entered the US private placement (US PP) market via Bank of America Merrill Lynch and Lloyds, according to market participants.
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Intermediate Capital Group (ICG) has launched a $150m US private placement, according to two US PP participants.
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Mark Tucker, group chair of HSBC, will join TheCityUK later this year, replacing John McFarlane.
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TSB successfully issued its inaugural Sonia linked deal which, in contrast to the bank’s previous attempt that was blighted by political uncertainty, it attracted a comfortably oversubscribed order book. The successful outcome suggests the bank can now look ahead to a more normal year according to TSB treasurer, Alison Straszewski.
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US private placement (US PP) investors are considering whether the UK's support services industry is worth the risk after Interserve was forced into a debt for equity swap, with the dust still to settle on Carilion’s liquidation. Silas Brown reports.
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JP Morgan has overhauled its European management team as it places its oldest franchise at the heart of a push to boost its UK M&A business.
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It does not make sense for the UK Debt Management Office (DMO) to change its index for inflation linked bonds before the government has decided on its preferred measure of inflation, said market participants, responding to a report from the country’s politicians.
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Tip Trailer, the Dutch trailer services company, has refinanced its revolving credit facility (RCF), ramping the size up to €967m as it gathers funding for a range of growth plans.
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European equity markets may have rallied since the start of the year but that is not translating into more equity block trades in the region. Low risk appetite among investors and reluctance among sellers to launch trades at wider discounts are to blame, writes Aidan Gregory.
