UK
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The Scottish city of Aberdeen may be long past its 1980s heyday — when it was the hub of the burgeoning North Sea oil industry and its football team was one of the most feared in Europe — but it could soon find itself being a useful capital markets bellwether for the latest constitutional crisis to hit the UK. -
Legal & General (L&G) issued its first tier two bond in dollars on Tuesday enjoying “extremely strong execution”, suggesting there is scope for further supply.
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The Financial Stability Board on Monday issued a consultation document that sets out proposals for the governance arrangements of a unique code for OTC derivatives transactions.
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Shares in Segro, the UK property developer, closed 6% lower on Friday after it announced a £556m rights issue to finance its buyout of Aviva from a joint venture at London’s Heathrow Airport.
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Bain Capital has completed its second block sale of shares in Ibstock, the UK brick maker, since its £354m IPO on the London Stock Exchange in October 2015.
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International borrowers made good use of sterling this week, finding value in the market despite risks around the UK budget and the government's intention to trigger Article 50 later in the month.
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Nomura has reshaped the management team of its wholesale division, which includes investment banking and markets. Former co-head of wholesale Kentaro Okuda will become regional head for Americas, while Minoru Shinohara, executive chairman in EMEA, becomes co-head of wholesale, relocating from London to Tokyo.
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NEX Group on Thursday launched an end-to-end reporting platform that will help clients navigate Europe's emerging regulatory landscape.
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Ineos Styrolution this week completed a loan refinancing with margins well below the 350bp market average for new deals — but the pricing will be replicated by the leveraged market’s top credits, said market participants.
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Countrywide, the UK estate agency group that owns Hamptons International and listings website Rightmove, raised £37.8m of new equity in an intraday sale on Thursday to strengthen its balance sheet after a drop in profits.
