UPDATE 1-Axis raises bid for insurer Novae after shareholder dissent

Aug 25 (Reuters) - Axis Capital, a Bermuda-based speciality insurer and reinsurer, has raised its takeover offer for Lloyd's of London insurer Novae to about 477.6 million pounds ($611.38 million) after a shareholder revolt.

from Reuters: New Issues News http://ift.tt/2wmCPqX

Britain appoints syndicate to manage sale of 2065 gilt

LONDON, Aug 25 (Reuters) - Britain's Debt Management Office said on Friday it had appointed four banks to manage a sale via syndication of the 2.5 percent conventional gilt due in 2065 .

from Reuters: New Issues News http://ift.tt/2vOD5vj

Axis Capital raises bid for Lloyd's of London insurer Novae, shares rise

Aug 25 (Reuters) - Shares in Novae Group rose about 2 percent on Friday after Axis Capital, a Bermuda-based speciality insurer and reinsurer, raised its takeover offer for the Lloyd's of London insurer to about 477.6 million pounds ($611.38 million).

from Reuters: New Issues News http://ift.tt/2wni2n8

UPDATE 1-Axis raises bid for insurer Novae after shareholder dissent

Aug 25 (Reuters) - Axis Capital, a Bermuda-based speciality insurer and reinsurer, has raised its takeover offer for Lloyd's of London insurer Novae to about 477.6 million pounds ($611.38 million) after a shareholder revolt.

from Reuters: New Issues News http://ift.tt/2ixBpW3

Britain appoints syndicate to manage sale of 2065 gilt

LONDON, Aug 25 (Reuters) - Britain's Debt Management Office said on Friday it had appointed four banks to manage a sale via syndication of the 2.5 percent conventional gilt due in 2065 .

from Reuters: New Issues News http://ift.tt/2wtzwPJ

Axis Capital raises bid for Lloyd's of London insurer Novae, shares rise

Aug 25 (Reuters) - Shares in Novae Group rose about 2 percent on Friday after Axis Capital, a Bermuda-based speciality insurer and reinsurer, raised its takeover offer for the Lloyd's of London insurer to about 477.6 million pounds ($611.38 million).

from Reuters: New Issues News http://ift.tt/2wadn6g

HelloFresh still open to autumn flotation despite Blue Apron slump

FRANKFURT, Aug 24 (Reuters) - A September stock market listing remains an option for German meal kit delivery company HelloFresh, its chief executive told Manager Magazin, saying he was not swayed by the plunge in U.S. rival Blue Apron's shares.

from Reuters: New Issues News http://ift.tt/2xfdspJ

Qatar banks seek Asian, European funding as diplomatic crisis bites

DUBAI, Aug 24 (Reuters) - Qatari banks are turning to Asia and Europe for funding after clients from other Arab states pulled billions of dollars from their accounts following a regional diplomatic rift.

from Reuters: New Issues News http://ift.tt/2vrSUYU

UPDATE 4-Hedge fund Elliott ups stakes at BHP by crossing threshold

* Ken MacKenzie becomes chairman on Sept. 1 (Releads, adds significance of 5 pct threshold)

from Reuters: New Issues News http://ift.tt/2w0NJ6p

Elliott Management raises stake in BHP to 5 pct

MELBOURNE, Aug 16 (Reuters) - Hedge fund Elliott Management has raised its stake in BHP Billiton to 5 percent, stepping up a campaign to pressure the top global miner into quitting its U.S. shale business, boosting returns and ditching its dual listing.

from Reuters: New Issues News http://ift.tt/2vBNsWM

Vodacom Tanzania's shares rise 6 pct on first day of trading

DAR ES SALAAM, Aug 15 (Reuters) - Shares in Vodacom Tanzania Plc, part of South Africa's Vodacom Group, rose nearly 6 percent above their issue price in their debut on the Dar es Salaam Stock Exchange on Tuesday.

from Reuters: New Issues News http://ift.tt/2uLoYrb

UPDATE 1-Banks picked for float of French fashion company behind Sandro, Maje - sources

LONDON, Aug 11 (Reuters) - Bank of America Merrill Lynch , JP Morgan and KKR Capital Markets have been chosen as joint global coordinators for the float of fashion company SMCP in Paris, sources familiar with the matter said on Friday.

from Reuters: New Issues News http://ift.tt/2vMo6GB

MOVES-Tom Bolton leaves BNP Paribas for Thames Water

LONDON, Aug 10 (IFR) - Tom Bolton has left the Northern Europe investment-grade debt capital markets team at BNP Paribas and will soon be appointed group treasurer at Thames Water, according multiple sources.

from Reuters: New Issues News http://ift.tt/2vRlI1w

UPDATE 1-Unilever to buy back Dutch preference shares

LONDON, Aug 9 (Reuters) - Unilever has agreed to buy back the bulk of its Dutch preference shares and to launch a public offer for the rest, valuing them at 450 million euros, as the Anglo-Dutch consumer goods company seeks to simplify its capital structure.

from Reuters: New Issues News http://ift.tt/2wIoFhm

UPDATE 1-BAT begins marketing M&A bond

LONDON, Aug 9 (IFR) - British American Tobacco opened books on a four-part euro and sterling-denominated bond on Wednesday in a bid to complete its financing for the US$49bn purchase of Reynolds American.

from Reuters: New Issues News http://ift.tt/2vMo3dj

Unilever to buy back Dutch preference shares

LONDON, Aug 9 (Reuters) - Unilever has agreed to buy certain of its Dutch preference shares and to launch a public offer for the rest that would value them at 450 million euros, as the Anglo-Dutch consumer goods company seeks to simplify its capital structure.

from Reuters: New Issues News http://ift.tt/2vljWCA

Lion Capital picks Credit Suisse to sell Dutch retailer Hema - sources

LONDON, Aug 7 (Reuters) - Buyout firm Lion Capital is working with Credit Suisse to explore strategic options for Dutch discount retailer HEMA, sources familiar with the matter said, reviving previous efforts to find a new owner for the business.

from Reuters: New Issues News http://ift.tt/2vIhQQy

UK mobile masts group Arqiva hires banks for initial public offering -source

LONDON, Aug 6 (Reuters) - Arqiva, a company that runs much of Britain's TV and mobile infrastructure, has hired four banks for an initial public offering, a source familiar with the matter said on Sunday.

from Reuters: New Issues News http://ift.tt/2v9PRI1

UPDATE 1-BAT hires for multi-currency M&A bond

LONDON, Aug 4 (IFR) - British American Tobacco is planning to sell a jumbo multi-currency trade next week to fund its US$49bn purchase of Reynolds American. The deal will test investors' appetite after a torrid week for BAT's bonds.

from Reuters: New Issues News http://ift.tt/2voAGeW

BAT hires for multi-currency, multi-tranche bond deal

LONDON, Aug 4 (IFR) - British American Tobacco will hold investor calls for a potential multi-tranche US dollar, euro-denominated and/or sterling-denominated senior unsecured transaction from Monday August 7.

from Reuters: New Issues News http://ift.tt/2upSv8K

Property portal OnTheMarket to seek listing on London's AIM

Aug 4 (Reuters) - OnTheMarket, the online property portal challenging Zoopla and Rightmove, is looking to raise about 50 million pounds ($66 million) via a listing on London's junior market, its parent company said.

from Reuters: New Issues News http://ift.tt/2u6Ci91

Vedanta markets dollar bonds for debt refinancing

SINGAPORE, Aug 3 (IFR) - Vedanta Resources, the UK-listed Indian mining and energy group, is marketing a new issue of US dollar bonds to refinance outstanding debt.

from Reuters: New Issues News http://ift.tt/2u6dlPd

Guinness Nigeria targets volume market to revive profits

LAGOS, Aug 2 (Reuters) - Brewer Guinness Nigeria is shifting its focus from premium brands to the "lower end" volume market in order to boost sales and revive profits, it said in its rights issue share offer prospectus.

from Reuters: New Issues News http://ift.tt/2vtMXze

UPDATE 1-Unilever to take part in Nigerian unit cash call

LAGOS, Aug 2 (Reuters) - Anglo-Dutch consumer goods group Unilever will take part in a 58.85 billion naira ($162 million) share sale by its Nigerian unit and will not convert a loan made to the subsidiary into equity, Unilever Nigeria said on Wednesday.

from Reuters: New Issues News http://ift.tt/2viURuR

Britain's Unilever to subscribe to Nigerian unit's share sale

LAGOS, Aug 2 (Reuters) - Britain's Unilever will subscribe to a 58.85 billion naira ($162 mln) share sale by its Nigerian unit in cash and will not convert a shareholder loan to equity for the rights issue, Unilever Nigeria said on Wednesday.

from Reuters: New Issues News http://ift.tt/2ujuG2y

UPDATE 1-CEE MARKETS-Czech crown steadies as investors ponder rate hike chances

* Investors hold breath ahead of Czech rate meet on Thursday * Czech rate hike would be first in region since 2013 * Hungary central bank keeps dovish stance * Forint retreats from highs on central bank minutes By Krisztina Than and Jason Hovet BUDAPEST/PRAGUE, Aug 2 (Reuters) - The crown steadied on Wednesday near one-month lows reached in overnight trade against the euro due to positioning ahead of a likely interest rate hike at the Czech central bank's (CNB) meeting

from Reuters: New Issues News http://ift.tt/2voBosj

UPDATE 2-Singapore's GIC leads $220 mln funding round for Chinese P2P lender Dianrong

* GIC, CMIG Leasing, S.Korea's Simone among investors in new round

from Reuters: New Issues News http://ift.tt/2vsSW75

TREASURIES-Yields fall as weak auto sales raise growth concerns

(Recasts with auto sales; Adds quotes, data, updates prices) * Weak auto sales sends yields tumbling * Treasury to announce refunding schedule on Wednesday * Friday's employment report in focus By Karen Brettell NEW YORK, Aug 1 (Reuters) - U.S. Treasury yields fell on Tuesday as weak auto sales raised concerns about slow economic growth, before Friday’s highly anticipated employment report for July. U.S. carmakers said on Tuesday they continued to slash low-margin sales

from Reuters: New Issues News http://ift.tt/2vpX9IM

Unilever Nigeria cuts back size of share sale

LAGOS, Aug 1 (Reuters) - Unilever Nigeria has scaled back the amount it planned to raise from shareholders via a rights issue to 1.96 billion naira ($5.39 mln).

from Reuters: New Issues News http://ift.tt/2vfsmOk

BAT delivered fresh blow to scupper bond plans

LONDON, Aug 1 (IFR) - British American Tobacco's plans for a jumbo multi-currency debt sale, expected this week, have likely been scuppered after the company suffered a fresh blow of corruption allegations on Tuesday.

from Reuters: New Issues News http://ift.tt/2whd1d7