UK

ICAP’s agreement to sell its voice broking business to Tullett Prebon, signed on Wednesday, will free the former's profitable electronic trading, post-trade and indexing businesses from the regulatory capital pain that comes from being part of a broker. Meanwhile, Tullett Prebon will become the largest player in hybrid voice broking, taking over ICAP’s voice and information business.

International Airlines Group, the company that owns British Airways and Iberia, issued a highly successful €1bn convertible bond on Thursday, to refinance its acquisition of Aer Lingus, the Irish flag carrier.

RBS’s plan for its investment bank assumes no revenue attrition in the division, despite further ambitious cost-cutting plans that will take out £2bn of costs in the next three years.

Bank of Georgia completed the IPO of its healthcare subsidiary on Monday, as it successfully priced the deal, although at a price much below what it had hoped for.

McCarthy & Stone, the UK’s leading builder of retirement homes for sale, completed its IPO on Friday November 6, in a £336m deal that gave it an initial market capitalisation of £967m.

Vodafone has attracted a €2.5bn order book for a €750m five year bond, its first since negotiations over an asset swap with Liberty Global fell through.

WPP, the UK advertising firm, attracted more than €3bn of orders for its four year benchmark bond on Tuesday as investors showed they were willing to turn on the taps for the right deal.

Sky, the UK satellite and cable broadcasting group, brought a 10 year euro benchmark bond on Monday, pushing out for a longer maturity after a week when many issuers stayed with intermediate tenors.

Vodafone has attracted a €2.5bn order book for a €750m five year bond, its first since negotiations over an asset swap with Liberty Global fell through.

Two issuers made opportunistic moves in sterling on Tuesday with one offering investors a rare 2020 and the other a tap.

Dean Tyler, previously a managing director at Sberbank, has taken on more responsibility at Haitong Securities this month.

Perform Group, the UK digital sports media firm, sold £175m of secured notes on Wednesday, after cutting down the offering from £200m as investors proved cautious.