UK
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After another busy week, the corporate bond market had no new issues to consider on Friday. However, over €12.5bn-equivalent of deals had been priced earlier in the week, 10% more than the week before. -
The sterling market for public sector borrowers has trundled back into gear after the shock UK election result on June 8. A series of issuers printed through this week, while the UK Debt Management Office announced its plans for the second syndication of the 2017-18 financial year.
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An overnight sell down in Playtech, the UK gaming software maker, on Monday raised £337.3m for its founder, in what was seen as his exit from the company.
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Two public transport operators offered deals to the sterling market this week, with varying success. Demand was strong for both deals, which had similar tenors, but one enjoyed a smoother pricing ride than the other.
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On Wednesday, Heathrow returned to the euro bond market for the first time in over two years, with rates volatility providing a turbulent backdrop for the deal.
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Dan Martin, managing director and head of equity syndicate at Goldman Sachs in EMEA, is leaving the bank on Friday June 30 after 13 years.
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Bankers always expected June to be a busy month for corporate bond issuance after a quiet May and before the summer slowdown. Thursday ensured the pace of issuance was maintained with four issuers selling seven tranches.
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Standard Bank is planning to launch a $750m syndicated loan, and hopes to drum up enough interest to enlarge it to $1.25bn.
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Standard Chartered’s head of capital markets solutions Lesi Zuo is leaving the bank for a job in fintech, according to sources.
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DP Eurasia, the owner of the Domino's Pizza franchise in Turkey, Russia, Azerbaijan and Georgia, plunged as much as 21% on its debut in London on Wednesday after its £148m IPO, as investors turned skittish.
