UPDATE 3-Prudential sells Jackson equity stake to Apollo-backed Athene for $500 mln

* Disposal boosts capital cover ratio (Adds details on activist investor and quote)

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UPDATE 1-Islamic Development Bank sells $1.5 bln in 5-yr sukuk - document

The Jeddah-based Islamic Development Bank sold $1.5 billion in five-year sukuk on Thursday, a document showed, which it will use to finance projects in member countries responding to the coronavirus pandemic.

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UPDATE 2-Prudential sells Jackson equity stake to Apollo-backed Athene for $500 mln

Prudential sold a minority stake in its U.S. business, Jackson, to Apollo Global-backed Athene Holding for $500 million, the insurer said on Thursday, in the first phase of its plan to create an independent U.S. business. The London-listed, Asia-focused insurer, which is also regulated in Hong Kong, has been looking for ways to bring external capital into the U.S. annuity provider and said it would continue to evaluate options for the part of the business it still own

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Islamic Development Bank sets spread for 5-yr dollar sukuk - document

The Jeddah-based Islamic Development Bank set the spread for its five-year U.S. dollar-denominated sukuk at 55 basis points over midswaps, a bank document showed on Thursday, tightening by 15 bps from where it began marketing the sale on Wednesday.

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Prudential sells Jackson equity stake to Apollo-backed Athene for $500 mln

Prudential has sold a minority stake in its U.S. business, Jackson, to Apollo Global-backed Athene Holding for $500 million, the insurer said on Thursday, in the first phase of its plan to exit the U.S. insurance market. The London-listed, Asia-focused insurance firm, which is also regulated in Hong Kong has been looking for ways to offload the U.S. annuity provider and said it would continue to evaluate other options for the part of Jackson it still owned, including

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Islamic Development Bank tightens guidance for 5-yr dollar sukuk - document

The Jeddah-based Islamic Development Bank tightened price guidance for its five-year U.S. dollar-denominated sukuk to 60 bps plus or minus 5 bps over midswaps, a bank document showed on Thursday.

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Nationalised Alitalia will not be in competition with low costs-minister

A new, state-controlled Alitalia will not be in competition with the low-cost carriers operating in the country, Italy's transport minister said after meeting with officials of Ryanair, Easyjet and other airlines.

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UPDATE 1-Sharjah Islamic Bank sells $500 million in five-year sukuk - document

Sharjah Islamic Bank sold $500 million in five-year U.S. dollar-denominated sukuk at 2.85% on Tuesday, a document showed.

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Sharjah Islamic Bank to sell $500 mln in 5-yr dollar sukuk -document

Sharjah Islamic Bank is expected to sell $500 million in five-year U.S. dollar-denominated sukuk at 2.9% plus or minus 5 basis points, a document showed on Tuesday.

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First Abu Dhabi Bank sells 1.4 bln Chinese yuan in 5-yr Formosa bonds - document

First Abu Dhabi Bank sold 1.4 billion Chinese yuan ($197.3 million) in five-year Formosa bonds at 3.5%, a document showed on Monday.

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REFILE-UPDATE 1-China Pacific Insurance launches up to $2.15 billion London listing

China Pacific Insurance launched a London listing on Friday to raise up to $2.15 billion, reviving a scheme to build investment links between the two countries after a series of delays.

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China Pacific Insurance launches up to $2.15 billion London listing

China Pacific Insurance has opened order books on a planned London listing to raise between $1.99-$2.15 billion dollars, according to a lead manager.

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UPDATE 1-Ocado boosts firepower with 1 bln stg capital raise

Ocado, the British online supermarket and technology group, plans to raise 1 billion pounds ($1.3 billion), giving it more firepower to capitalise on the rapid growth of the online grocery market triggered by the coronavirus crisis.

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Britain's Ocado to raise 1 bln pounds in equity and bond issue

Ocado, the British online supermarket and technology group, plans to raise just over 1 billion pounds ($1.3 billion) through an equity raise and bond issue to give it the firepower to take advantage of future opportunities.

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UPDATE 1-First Abu Dhabi to redeem $750 mln in perpetual bonds -filing

First Abu Dhabi Bank intends to redeem its $750 million Additional Tier 1 (AT1) bonds on their first call date, June 17, it said in a London Stock Exchange filing on Thursday.

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First Abu Dhabi to redeem $750 mln perpetual bonds -filing

First Abu Dhabi Bank intends to redeem its $750 million Additional Tier 1 (AT1) bonds on their first call date, it said in a London Stock Exchange filing on Thursday.

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UPDATE 2-Travel food firm SSP boasts liquidity as virus harms sales

* Shares up more than 3% (Adds analyst comment, details on results, liquidity, updates shares)

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China Pacific Insurance to press on with London listing under connect scheme

China Pacific Insurance is pressing ahead with a London listing under a stock link scheme between Britain and China, it said on Tuesday, defying the market turmoil wrought by COVID-19.

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UPDATE 1-First Abu Dhabi Bank sells $500 mln in Formosa bonds

First Abu Dhabi Bank, the United Arab Emirates' largest lender, last month sold $500 million in privately placed 30-year Formosa bonds which had a 0% coupon.

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UPDATE 2-Emirate of Sharjah sells $1 bln 7-year dollar sukuk

Sharjah, the third-largest emirate of the United Arab Emirates, sold $1 billion in seven-year sukuk, or Islamic bonds, on Tuesday, according to a document from one of the banks arranging the deal.

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UPDATE 1-Fiat Chrysler to list robot-making business after PSA merger

Fiat Chrysler (FCA) said it planned to list robot making business, giving more detail on Monday about the future of Turin-based Comau, which it already planned to spin off.

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