UK
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Impact Healthcare Reit, a newly created real estate investment trust focused on care homes, has announced its intention to raise £160m through an IPO on the London Stock Exchange.
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BNP Paribas’s global head of ECM is moving to a new job and the bank has hired a bulge bracket banker, aiming to expand its franchise in the business. -
The UK Debt Management Office broke its record book size on Tuesday for the second time in three months, as it also enjoyed a healthy showing from investors outside the country.
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UK tobacco company Imperial Brands hit the euro bond market on Tuesday for a dual tranche offering of 4.5 and eight year notes that won over three times oversubscription.
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TP Icap, the interdealer brokerage arising from the recently merged Tullett Prebon and Icap, has made its first senior hire of the year, to replace chief operating officer Ken Pigaga, who is leaving.
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Sky Bet, the UK gaming company owned by private equity firm CVC, has informed investors that it is planning to cut margins on its existing term loan.
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Discount retailer B&M will launch on Tuesday its £250m debut high yield bond in a so far ‘hard Brexit’-proof sterling market — but some investors are already warning about a potential glut of supply.
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The European high yield bond market priced on Friday its third deal listing on the Channel Islands this year, a £425m bond to finance NewDay’s acquisition by Cinven and CVC.
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The tally of sterling high yield bond sales in January is on course to reach £2bn, a sensational reversal from 2016’s entire first quarter without issuance in the currency, with several issues this week despite news that the UK will seek to leave the EU single market.
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Executives from the Channel Islands Stock Exchange (CISE) travelled to London on Wednesday to meet investors and discuss their concerns over the growing trend for high yield borrowers to list their bonds there.
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