UK

Time Out Group, the UK lifestyle and culture magazine publisher, has priced its £90m IPO on the London Aim.

The former head of corporate debt capital markets at Rabobank has been promoted to head of capital markets — leaving positions open, which could include head of syndicated loans.

One of the cases pro-EU UK politicians make, at least to City officials, against Brexit is that the whole of post-crisis regulation would have to be rewritten from scratch, leaving banks facing years more uncertainty.

Tumbling volatility over the past months has caused US and European corporate credit risk prices to converge, despite credit investors bracing themselves for diverging monetary policies.

A growing number of foreign exchange brokers are increasing their margin requirements on currency trades to protect themselves from Brexit volatility, with several outlining planned hikes around this month’s UK referendum.

RPC Group, the UK plastic bottle manufacturer, has amended its £770m revolving credit facility agreement to include a £70m facility, which will part fund its acquisition of British Polythene Industries.

Banks are wrapping up Mercuria’s annual refinancing deal following strong oversubscription in syndication.

Workspace Group, the UK real estate investment trust, has activated a one year extension option on its £150m revolving credit facility to extend the deal to 2021.

The University of Glasgow last week priced a US private placement, following the University of Surrey which issued a £120m ($173.6m) deal last month.

Dave Rome, head of loan capital markets at Royal Bank of Scotland, resigned at the end of last week to join law firm Ashurst. The move follows RBS's reorganisation of its loans business, which limited the banker’s role, said a source at the UK bank.

Efforts to deepen RMB liquidity in offshore markets have struggled so far, despite the currency’s growing popularity for trade and investment purposes. Yet, it is clear that the success of the currency on a global scale will rely on deepening liquidity and the financial infrastructure that supports it.

A highly unusual exchangeable bond won an enthusiastic reception on Thursday, as Glanbia Co-operative Society, owned by 16,000 Irish farmers, raised €100m to shield its members from volatile milk and grain prices. Jon Hay reports.