UK
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TBC Bank, Georgia’s second largest London-listed bank, is to follow its bigger rival Bank of Georgia by swapping its global depositary receipts for a full premium listing on the London Stock Exchange. -
The wave of rights issues and capital raisings in the market this summer is so far going smoothly, with good news this week for Banco Popular Español, as its shares and rights perked up in trading.
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Prudential attracted a $12bn book for a $1bn Reg S tier two bond on Tuesday, after successfully targeting yield-hungry Asian investors.
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Deutsche Börse and the London Stock Exchange Group (LSE) have confirmed that they will hold a merger vote after the UK’s referendum on European Union membership on June 23, having previously said that Brexit would harm rival US bids, but not their own plans.
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Uniper, the Germany energy company subsidiary of E.ON, is preparing to syndicate a €5bn loan to a wider group of banks.
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Cobham, the UK aerospace and machine technology maker, has priced its debt-cutting £506.7m rights issue, announced in April, at a heavy discount of 45.4% to Tuesday's closing share price.
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The UK Financial Conduct Authority’s criticisms of the “restrictive contractual clauses” in banking mandates has prompted a vigorous defence from the industry, citing corporate broking, acquisition finance, and advisory as areas where clients benefit from restrictions on which banks they choose.
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Gordon Dadds, a law and professional services firm, will begin offering a derivative documentation managed service as part of a newly launched consultancy business.
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Defence systems group Meggitt has completed a $600m private placement with a group of 23 investors from the US.
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The swathe of rights issues set to form a big part of Emea equity capital markets activity this side of the summer has moved forward this week, with the conclusion of Dubai Parks and Resorts’ deal and the launch of SSAB’s prospectus.
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Prudential attracted a mammoth book for a $1bn Reg S tier two bond on Tuesday, after successfully targeting yield-hungry Asian investors.
