UK
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A group of private equity firms have joined forces to merge UK insurance broker Towergate and four peers into a new industry player called Kirs, and this week launched a £800m bond to back the move. -
UK corporates are preparing for the large UK banks to bring down their ring-fences, a move that could shake up the banking landscape and push more corporates to sign credit support annexes with their banks.
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UK airport Heathrow landed orders for more than five times its £250m offering on Wednesday, in a week with less than €500m of new paper in sterling and euros in the high yield bond market.
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Deutsche Bank has named a new head of UK equity capital markets.
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NEX Optimisation on Tuesday announced a restructuring of its business in preparation for its new NEX Infinity platform, which uses distributed ledger technology and brings together transaction optimisation services under one roof.
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On Monday night, Kion Group, the German forklift truck maker, completed a €602m capital increase to refinance its acquisition of Dematic, a specialist automation company, through an accelerated bookbuild led by Goldman Sachs.
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Balancing public money with private profit can be a challenge, and Brexit makes it doubly difficult. The European Investment Bank is set to become something of a football in negotiations between the UK and the EU27 — and the UK’s corporates could stand to lose out. What, if anything, should replace it?
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Matej Chytil has left Crédit Agricole’s covered bond trading team to return to National Bank of Slovakia where he used to work.
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BNP Paribas has hired two fixed income traders from Goldman Sachs in EMEA.
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Burford Capital, the company that finances litigation, raised £175m with a bond issue on the London Stock Exchange’s Orderbook for Retail Bonds on Friday – one of the biggest deals since 2012.
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After three years away, UK producer of grocery and sweets Premier Foods returned to the bond market with a £210m fiver year non-call one floater to join 2017’s sterling issuance comeback.
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