London Stock Exchange's company floats hit 3-year high at 15 bln pounds

LONDON, Dec 29 (Reuters) - The London Stock Exchange raised 15 billion pounds ($20.28 billion) from 106 initial public offerings (IPOs) in 2017, a 63 percent increase compared to last year and the highest level for three years.

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

Global equity issuance up from 2016 slump, bankers see further rise in 2018

* Companies raised $780.2 bln in equity in 2017 - Thomson Reuters

from Reuters: New Issues News http://ift.tt/2DtNX6g

Mining listings bring Indian gold and Irish zinc to London

LONDON, Dec 20 (Reuters) - Two exploration companies with assets spanning gold in India to zinc in Ireland will list their shares on London's Alternative Investment Market (AIM) on Thursday, bringing to 11 the number of mining listings this year as commodities prices recover.

from Reuters: New Issues News http://ift.tt/2BNum3M

Sterling high-yield leaves behind record year

LONDON, Dec 20(IFR) - The junk segment of the sterling corporate bond market is leaving behind a record year despite a series of headlines casting a shadow over the future of the UK's economy and currency.

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

Bank of England says firms expect to offer bigger pay rises in 2018

LONDON, Dec 20 (Reuters) - British businesses expect to offer pay deals averaging around 3 percent next year, up from about 2.5 percent this year, the Bank of England said in a regular report on economic conditions from its regional staff.

from Reuters: New Issues News http://ift.tt/2kQb17l

UPDATE 1-Knorr-Bremse appoints banks for 2018 stock market listing -sources

* Deal could value Knorr-Bremse at up to 15 bln euros (Adds bookrunner mandates, background)

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

UAE's NMC Healthcare plans $800 mln in investments from 2018

DUBAI, Dec 19 (Reuters) - United Arab Emirates-based hospital operator NMC Healthcare has $800 million available to start investing in 2018 in the Gulf and other markets, its chief executive told Reuters in an interview.

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

Russian conglomerate Sistema's real estate unit shelves bond sale

MOSCOW, Dec 15 (Reuters) - Lider Invest, a real estate unit of Russian business conglomerate Sistema, said on Friday it had postponed indefinitely a planned bond sale, citing an unfavourable environment.

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

UPDATE 1-UK builder Persimmon's chairman, director quit over pay plan

* Politicians, public critical of excessive board pay (Adds details, figures, background)

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

Minority investors in M&C Hotels to resist takeover from CDL

LONDON, Dec 14 (Reuters) - A group of minority investors in Millennium & Copthorne Hotels said they will not tender their shares to bidder City Developments Limited (CDL), the majority shareholder that is attempting to take control of the company in a deal valuing the hotelier at 2 billion pounds ($2.69 billion).

from Reuters: New Issues News http://ift.tt/2zcFG7g

AIB CEO encourages Ireland to look at selling more shares now

DUBLIN, Dec 14 (Reuters) - The head of Allied Irish Banks (AIB) on Thursday encouraged the government to look at selling down more of its 71 percent stake in the bank, following a 25 percent jump in the stock in the six months since its initial public offering.

from Reuters: New Issues News http://ift.tt/2ChQdO3

UPDATE 1-Unimin to buy shale sand supplier Fairmount in cash-and-stock deal

HOUSTON, Dec 12 (Reuters) - Fairmount Santrol Holdings Inc said on Tuesday it would sell itself to Unimin Corp in a cash-and-stock deal to create one of the largest suppliers of sand for use in hydraulic fracturing to shale oil and gas producers.

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

UPDATE 1-BHP hires four banks for U.S. shale exit ahead of early 2018 deadline - sources

LONDON/NEW YORK, Dec 12 (Reuters) - BHP , the world's largest miner, has asked four investment banks to help it prepare for either a sale or spin-off of its underperforming U.S. shale oil and gas unit, with a view to taking a decision in early 2018, sources said.

from Reuters: New Issues News http://ift.tt/2z3vrSY

REFILE-EBRD pledges up to EUR100m in largest Green bond fund

LONDON, Dec 12 (IFR) - The EBRD has announced plans to invest up to €100m in Amundi and the International Finance Corporation's Green bond fund, which stands as the world's largest, having raised more than US$1.2bn so far.

from Reuters: New Issues News http://ift.tt/2yhT8Df

Chemicals distribution group Azelis considers 2018 IPO -sources

MADRID/FRANKFURT, Dec 11 (Reuters) - Belgium-based chemicals distribution group Azelis is considering a 2018 stock market listing as its private equity owner seeks to benefit from high sector valuations, sources close to the matter said.

from Reuters: New Issues News http://ift.tt/2z0P9OX

UPDATE 2-Italian fund denies seeking to raise stake in Aston Martin

MILAN, Dec 10 (Reuters) - Italy's Investindustrial is not in talks to increase its stake in Aston Martin and no decision has been taken on a possible stock market listing for the British carmaker, the private equity group said, denying an earlier newspaper report.

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

UPDATE 1-Italian fund denies seeking to raise stake in Aston Martin

MILAN, Dec 10 (Reuters) - Italy's Investindustrial is not in talks to increase its stake in British carmaker Aston Martin and no decision has been taken regarding a possible stock market listing of the company, a spokesman for the private equity group said, denying an earlier newspaper report.

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

MOVES-HSBC's global head of public sector syndicate to leave the bank

LONDON, Dec 7 (IFR) - HSBC's global head of public sector syndicate will be leaving the bank at the end of the year, according to an internal memo seen by IFR.

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

UPDATE 1-L&G says on track for record year in 2017

LONDON, Dec 7 (Reuters) - Legal & General is on track for a record year in earnings and profits, the British life insurer said on Thursday, helped by strong performances in its retirement and funds businesses.

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

L&G says on track for record year in 2017

LONDON, Dec 7 (Reuters) - Legal & General said on Thursday it is on track for a record year with strong growth in its core business driving profits higher.

from Reuters: New Issues News http://ift.tt/2k36v57

REFILE-Shareholders in Italy's Carige take up 66 pct of vital cash call

* New investors set to buy unsold shares for 120 mln euros-sources

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

UPDATE 1-MTN Ghana to sign 510 mln cedi syndicated loan via Ecobank

ACCRA, Dec 6 (Reuters) - MTN Ghana will sign a 510 million cedi ($112 million) syndicated loan facility arranged by Ecobank, sources close to the deal told Reuters on Wednesday.

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

UPDATE 1-L&G to sell life policies business to Swiss Re for $870 mln

* L&G to reinvest in annuities, funds, general insurance (Adds detail from statements, analyst reaction, share price)

from Reuters: New Issues News http://ift.tt/2AcWyx7

Russia-Japan Investment Fund makes first investments of $170 mln

MOSCOW, Dec 6 (Reuters) - The Russia-Japan Investment Fund (RJIF) has made its first investments in a number of Russia-focused deals, spending around 10 billion roubles ($170 million), the fund said on Wednesday.

from Reuters: New Issues News http://ift.tt/2nx5He1

Britain's Genel Energy seeks to cut bond debt to $300 mln

Dec 6 (Reuters) - Iraqi Kurdistan-focused oil producer Genel Energy plc said on Wednesday it is seeking to reduce its bond debt to $300 million from the currently outstanding $421.8 million.

from Reuters: New Issues News http://ift.tt/2B5rtvi

CORRECTED-Delivery Hero to place up to $810 million worth of shares

FRANKFURT, Dec 5 (Reuters) - Delivery Hero, the world's largest online takeaway food delivery group, said on Tuesday it would offer shares worth up to 686 million euros ($810 million) to investors, raking in cash to expand its business through takeovers.

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

British car insurer Sabre's London listing priced at 230 pence per share

Dec 6 (Reuters) - British car insurance underwriter Sabre priced its London market debut at 230 pence per share, giving the company a market value of 575 million pounds ($771 million) at the start of conditional trading.

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

Delivery Hero to place $810 million worth of shares

FRANKFURT, Dec 5 (Reuters) - Delivery Hero, the world's largest online takeaway food delivery group, said on Tuesday it would offer shares worth 686 million euros ($810 million) to investors, raking in cash to expand its business through takeovers.

from Reuters: New Issues News http://ift.tt/2Az5D05

UPDATE 2-UK's Cineworld targets U.S. expansion with $3.6 bln deal to buy Regal Entertainment

* Deal puts combined company in better position to take on AMC

from Reuters: New Issues News http://ift.tt/2iR5Y9W

UPDATE 1-UK's Cineworld to buy U.S. Regal Entertainment for $3.6 bln

Dec 5 (Reuters) - Britain's Cineworld Group Plc has agreed to buy U.S. movie theatre operator Regal Entertainment Group for $3.6 billion in cash, the companies said on Tuesday.

from Reuters: New Issues News http://ift.tt/2iTDf4f

Italy's Carige to sell consumer credit arm to Chenavari

MILAN, Dec 5 (Reuters) - Italy's Banca Carige aims to sell its consumer credit unit to London-based hedge fund Chenavari by Dec. 6 when a vital 560 million euro ($664 million) cash call ends.

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

UPDATE 1-GEMS Education picks banks for $5 bln London IPO -sources

LONDON, Dec 4 (Reuters) - GEMS Education's owners have chosen JP Morgan, Credit Suisse, Bank of America Merrill Lynch and Morgan Stanley to lead the private schools group's planned flotation, sources familiar with the matter said.

from Reuters: New Issues News http://ift.tt/2AqJ9QC

UPDATE 2-Four Seasons owner asks bondholders to take over care homes group

LONDON, Dec 4 (Reuters) - The owner of British care homes operator Four Seasons has offered to hand over the business to its bondholders for a nominal sum, days before an interest payment deadline that could push Four Seasons into administration.

from Reuters: New Issues News http://ift.tt/2jKfW9w

GEMS picks JP Morgan, Credit Suisse and Bank of America for $5 bln IPO -sources

LONDON, Dec 4 (Reuters) - GEMS Education's owners have chosen JP Morgan, Credit Suisse and Bank of America Merrill Lynch to lead the international private schools group's initial public offering (IPO), two sources familiar with the matter said.

from Reuters: New Issues News http://ift.tt/2AK1WXQ

GEMS picks JP Morgan, Credit Suisse and Bank of America for $5 bln IPO -sources

LONDON, Dec 4 (Reuters) - GEMS Education's owners have chosen JP Morgan, Credit Suisse and Bank of America Merrill Lynch to lead the international private schools group's initial public offering (IPO), two sources familiar with the matter said.

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

UPDATE 1-Four Seasons owner asks bondholders to take over care homes group

LONDON, Dec 4 (Reuters) - The owner of British care homes operator Four Seasons has offered to hand over the business to its bondholders for a nominal sum, days before an interest payment deadline that could push Four Seasons into administration.

from Reuters: New Issues News http://ift.tt/2iM5n9x

Terra Firma calls on Four Seasons bondholders to take over care homes group

LONDON, Dec 4 (Reuters) - Private equity group Terra Firma on Monday called on the bondholders of British care homes operator Four Seasons to take over the group and its 343 homes for a nominal sum, with immediate effect, to provide stability for employees and patients.

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

UPDATE 1-Russia's En+ Q3 net profit up 43 pct year-on-year to $350 mln

MOSCOW, Dec 4 (Reuters) - Russia's En+ Group, which manages businessman Oleg Deripaska's aluminium and hydropower businesses, said on Monday its third-quarter net profit rose 43 percent year-on-year to $350 million helped by higher aluminium prices.

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

BRIEF-Russian Helicopters Sets Price For Additional Share Issue

* SETS PRICE FOR ADDITIONAL SHARE ISSUE AT RUB 1,240 PER SHARE

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

RPT-UPDATE 2-RBS to close a quarter of its UK branches, drawing criticism

* British banks set to close more than 1,000 branches this year

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

UPDATE 2-RBS to close a quarter of its UK branches, drawing criticism

* British banks set to close more than 1,000 branches this year

from Reuters: New Issues News http://ift.tt/2i6Ew3Q

UPDATE 1-Greensphere Capital seeks London share listing

Nov 30 (Reuters) - Greensphere Capital Plc said on Thursday that it would seek to raise up to $500 million in an initial public offering on the London Stock Exchange.

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

Barclays announces final sale of stake in Barclays Africa

LONDON, Dec 1 (Reuters) - Barclays will sell a 7 percent stake in Johannesburg-based Barclays Africa Group on December 5, the British bank said on Friday, the latest and likely last in a series of such sales as it ends more than 90 years as a major presence on the continent.

from Reuters: New Issues News http://ift.tt/2zTPq8E

UPDATE 1-RBS axes further 259 British branches as expands e-banking

LONDON, Dec 1 (Reuters) - British state-owned Royal Bank of Scotland (RBS) said on Friday it will close 259 branches and cut 680 jobs as it reduces costs and encourages customers to use online and mobile services.

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

RBS axes further 259 British branches as expands e-banking

LONDON, Dec 1 (Reuters) - British state-owned Royal Bank of Scotland (RBS) said on Friday it will close 259 branches and cut 680 jobs as it reduces costs and encourages customers to use online and mobile services.

from Reuters: New Issues News http://ift.tt/2itLR1g

Greensphere Capital seeks London share listing

Nov 30 (Reuters) - Greensphere Capital Plc said on Thursday that it would seek to raise up to $500 million in an initial public offering on the London Stock Exchange.

from Reuters: New Issues News http://ift.tt/2AorG9B

UPDATE 2-France's Altran to buy U.S. group Aricent for $2 bln, shares slip

* Company to hit 2020 goals two years early (Adds shares, analyst comments)

from Reuters: New Issues News http://ift.tt/2k9pQVX

UPDATE 2-Aviva to generate extra $4 bln of cash, planning payback, some M&A

* Shares up 2.5 pct, among top blue-chip gainers (Adds further details, comments by CEO)

from Reuters: New Issues News http://ift.tt/2i44QMk

UPDATE 1-Aviva to generate extra $4 bln, give more back to shareholders

* Shares up 2.5 pct, among top blue-chip gainers (Adds CEO, analyst, shares)

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

Aviva to spend $4 bln in excess cash in next two years

LONDON, Nov 30 (Reuters) - British insurer Aviva expects to spend 3 billion pounds ($4.04 billion) in excess cash over the next two years, the bulk of it in 2018, the insurer said on Thursday.

from Reuters: New Issues News http://ift.tt/2inK51K

UPDATE 1-Bank of England broadens market push to replace LIBOR

LONDON, Nov 29 (Reuters) - The Bank of England has stepped up efforts to replace the scandal-hit LIBOR interest rate benchmark with the SONIA measure of overnight rates as the main benchmark for commercial sterling interest rates by the end of 2021.

from Reuters: New Issues News http://ift.tt/2i0ycek

Bank of England says wants SONIA to replace LIBOR by end of 2021

LONDON, Nov 29 (Reuters) - The Bank of England said on Wednesday that it wanted the SONIA measure of overnight interest rates to replace scandal-hit LIBOR measure as the main benchmark for commercial sterling interest rates by the end of 2021.

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

UPDATE 1-Kenya plans $1 bln dual listing of National Oil Corp by early 2019

NAIROBI, Nov 29 (Reuters) - Kenya plans to raise $1 billion by listing its National Oil Corporation at home and on the London Stock Exchange by early 2019, to buy a share of two oil blocks held by Tullow and its partners, a senior government official said on Wednesday.

from Reuters: New Issues News http://ift.tt/2Bw87wd

Russia's Etalon says biggest shareholders to sell down stakes

MOSCOW, Nov 28 (Reuters) - The biggest shareholders in Etalon plan to sell down their stakes, the Russian housebuilder said on Tuesday, reducing their holdings for the second time this year.

from Reuters: New Issues News http://ift.tt/2k9NNMP

UPDATE 1-Springer Nature asks JP Morgan, Morgan Stanley to organise IPO - sources

* IPO to value Springer Nature at 4-5 billion euros - sources

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

REFILE-Severn Trent targets sterling redemption flows

LONDON, Nov 27 (IFR) - Water utility Severn Trent is taking advantage of redemptions in the currency due next month and is set to price a £250m no-grow five-year. Barclays, BNP Paribas (B&D) and Citi set IPTs at 95bp-100bp over the Sep 2022 Gilt and followed with guidance at a final 90bp. Books peaked around £500m before settling in at £475m.

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

Severn Trent targets sterling redemption flows

Nov 27 (Reuters) - Water utility Severn Trent is taking advantage of redemptions in the currency due next month and is set to price a £250m no-grow five-year. Barclays, BNP Paribas (B&D) and Citi set IPTs at 95bp-100bp over the Sep 2022 Gilt and followed with guidance at a final 90bp. Books peaked around £500m before settling in at £475m.

from Reuters: New Issues News http://ift.tt/2Ac4kFZ

UPDATE 2-M7 Multi-Let pursues private funding, scraps London IPO plan

* LSE says IPOs this year still much higher than last 2 years (Adds comment from LSE)

from Reuters: New Issues News http://ift.tt/2AtQ3p4

UPDATE 1-M7 Multi-Let pursues private funding, scraps London IPO plan

LONDON, Nov 24 (Reuters) - M7 Multi-Let REIT, a newly-established firm set up to invest in industrial and office property, has become the latest business to scrap plans to float in London after it pulled a listing that would have raised as much as 300 million pounds ($400 million).

from Reuters: New Issues News http://ift.tt/2i3TRGj

M7 Multi-Let pursues private funding, scraps London IPO plan

Nov 24 (Reuters) - M7 Multi-Let REIT Plc, a newly-established firm set up to invest in industrial and office property, has decided not to pursue plans to raise up to 300 million pounds ($400 million) by listing its shares in London.

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

UPDATE 2-UK's 15 billion pound RBS sale to boost government coffers

* RBS shares fall 1.2 pct (Adds quote, details of other asset sales, updates shares)

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

UPDATE 1-Gaming company Cirsa hires Lazard to explore IPO options - source

MADRID, Nov 22 (Reuters) - Spanish gaming hall operator Cirsa has hired investment bank Lazard to explore a possible market listing, a company source said on Wednesday, and one banker said it could value the company at up to 2 billion euros ($2.4 billion).

from Reuters: New Issues News http://ift.tt/2zenjN1

UPDATE 1-UK's 15 billion pound RBS sale to boost government coffers

* RBS shares fall 0.7 pct (Recasts, adds background, share reaction)

from Reuters: New Issues News http://ift.tt/2zcQO1w

BRIEF-Russian retailer Magnit says ‍CEO to lend it 44 bln roubles

* Magnit Chief Executive Officer Sergey Galitskiy to grant a revolving credit line to Magnit's subsidiary Tander in the amount of 44 billion roubles ($750.3 million);

from Reuters: New Issues News http://ift.tt/2B3U5AL

Britain to sell 15 billion pounds of RBS shares over 5 years

LONDON, Nov 22 (Reuters) - Britain's government will begin the reprivatisation of bailed-out lender Royal Bank of Scotland by selling 3 billion pounds ($3.98 billion) worth of shares before the end of the 2018-19 fiscal year, according to an official report released on Wednesday.

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

UPDATE 2-German property developer Instone looks at share listing next year

* Deutsche Bank, Credit Suisse advising - sources (Adds peers, deal value)

from Reuters: New Issues News http://ift.tt/2AnWU3B

UPDATE 5-WPP accepts Bain's offer for Japan's ADK, drops legal threat

* WPP could reinvest in ADK once offer completed (Adds further details)

from Reuters: New Issues News http://ift.tt/2jJxuq1

UPDATE 4-WPP accepts Bain's offer for Japan's ADK, says Bain

* WPP could reinvest in ADK once offer completed (Adds detail on new agreement)

from Reuters: New Issues News http://ift.tt/2AlV7fa

BRIEF-Valora announces the results of the rights offering

* ‍INTENDS TO END BOOKBUILDING PERIOD EARLIER THAN PREVIOUSLY COMMUNICATED​

from Reuters: New Issues News http://ift.tt/2hE55gD

Carige set to sign share issue underwriting accord Friday or over weekend - source

MILAN, Nov 17 (Reuters) - Italy's Banca Carige is set to sign an underwriting accord with banks for its share issue on Friday or over the weekend, a source close to the matter said, paving the way for the launch of a capital raise needed to safeguard its future.

from Reuters: New Issues News http://ift.tt/2iskvp9

UPDATE 4-Italy's Carige struggling with cash call as ECB deadline looms

* Failed to sign underwriting accord with CS, Deutsche, Barclays

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

UPDATE 3-Italy's Carige struggling with cash call as ECB deadline looms

MILAN, Nov 16 (Reuters) - Italy's Banca Carige said on Thursday it had failed to secure underwriters for a 560 million euro ($660 million) share issue, which is a key European Central Bank demand for the bank to safeguard its future.

from Reuters: New Issues News http://ift.tt/2AVI1T8

UPDATE 2-Cabot Credit Management latest victim of London IPO market, Bakkavor trades up

LONDON, Nov 16 (Reuters) - Britain's biggest debt collector Cabot Credit Management abandoned its plan on Thursday for an initial public offering (IPO), the latest in a string of companies to ditch attempts to list on the London Stock Exchange.

from Reuters: New Issues News http://ift.tt/2AT6RmH

UPDATE 1-Cabot Credit Management latest casualty of London IPO market

LONDON, Nov 16 (Reuters) - Britain's biggest debt collector Cabot Credit Management abandoned its plan on Thursday for an initial public offering (IPO), the latest in a string of firms to ditch attempts to list on the London Stock Exchange.

from Reuters: New Issues News http://ift.tt/2mxwoP5

UPDATE 2-Italy's Carige struggling with cash call as ECB deadline looms

MILAN, Nov 16 (Reuters) - Italy's Banca Carige said on Thursday it had failed to secure underwriters for a 560 million euro ($660 million) share issue, which is a key European Central Bank demand for the bank to secure its future.

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

Russian retailer Magnit to raise around $700 mln via share sale

MOSCOW, Nov 15 (Reuters) - Russian food retailer Magnit has launched a two-step equity fundraising deal aiming to raise around $700 million to fund its expansion.

from Reuters: New Issues News http://ift.tt/2iX9xr2

UPDATE 1-Old Mutual wealth unit IPO on track for 2018; no decision on OMGI

LONDON, Nov 15 (Reuters) - Anglo-South African insurer Old Mutual said on Wednesday it was on course to list its wealth unit in 2018 and announced a series of planned changes to the brand.

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

BRIEF-Russia's Magnit says Lavreno sold shares at 6,185 roubles

* Shareholder Lavreno Limited sold 7,100,000 shares at 6,185 roubles ($102.56) apiece through an accelerated bookbuild;

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

UPDATE 2-Shell sells out of Woodside Petroleum for $2.7 bln

* Shell now at $25 bln of $30 bln asset sale target (Recasts with full stake sale, adds analyst comment)

from Reuters: New Issues News http://ift.tt/2yWGG14

UPDATE 1-Shell to sell part of its Woodside Petroleum stake for $1.7 bln

LONDON/SYDNEY, Nov 13 (Reuters) - Royal Dutch Shell is selling part of its stake in Australia's largest independent oil and gas company, Woodside Petroleum Ltd, to equity investors for about $1.7 billion.

from Reuters: New Issues News http://ift.tt/2zzK1Cu

Shell to sell part of its stake in Woodside Petroleum for $1.7 bln

Nov 13 (Reuters) - Royal Dutch Shell said on Monday it was selling part of its stake in Woodside Petroleum Ltd to equity investors for about $1.7 billion.

from Reuters: New Issues News http://ift.tt/2hv17KQ

Deutsche Bank picks asset-management IPO bookrunners -source

FRANKFURT, Nov 11 (Reuters) - Deutsche Bank has selected Barclays, Citigroup and Credit Suisse as senior bookrunners for the initial public offering (IPO) of its asset-management arm, a source familiar with the matter told Reuters on Saturday.

from Reuters: New Issues News http://ift.tt/2zB2igo

Botswana coal miner Minergy plans UK listing for 2018

LONDON, Nov 10 (Reuters) - Botswana coal producer Minergy plans to list in London next year to give it access to a pool of capital that it could tap at a later date to fund its expansion, it said on Friday.

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

UPDATE 1-Lottery operator Sazka Group considers London share listing

PRAGUE, Nov 10 (Reuters) - Czech-based lottery and gaming operator Sazka Group said it is looking at an initial public offering in London to help fund growth in Europe.

from Reuters: New Issues News http://ift.tt/2md0c3b

UPDATE 2-UK ready meals maker Bakkavor gets IPO away after price cut

LONDON, Nov 10 (Reuters) - Bakkavor, a ready meals supplier to major food retailers in Britain, has gone ahead with its stockmarket flotation just a week on from shelving the deal, after cutting the price to value itself at 1 billion pounds ($1.3 billion).

from Reuters: New Issues News http://ift.tt/2yQ0h2L

UPDATE 1-Russia's Deripaska directly holds 65.2 pct of En+ after IPO - document

MOSCOW, Nov 9 (Reuters) - Russian tycoon Oleg Deripaska will retain a 65.2 percent direct stake in En+ Group, which manages his aluminium and hydropower businesses, after an initial public offering (IPO) closed last week, a company document shows.

from Reuters: New Issues News http://ift.tt/2iI2Glk

Russia's Deripaska holds 65.2 pct of En+ after IPO - document

MOSCOW, Nov 9 (Reuters) - Russian tycoon Oleg Deripaska will retain a 65.2 percent stake in En+ Group, which manages his aluminium and hydropower businesses, after an initial public offering (IPO) closed last week, the company's documents showed.

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

Business as usual for UK index-linked Gilt

LONDON, Nov 8 (IFR) - It was business as usual for the United Kingdom in its first syndicated trade following Moody's downgrade of the sovereign's rating to Aa2 in September, as investors clamoured to get a piece of the 31-year linker.

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

BRIEF-Valora Holding ‍announces terms of planned capital increase and rights offering​

* ‍ANNOUNCES TERMS OF PLANNED CAPITAL INCREASE AND RIGHTS OFFERING​

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

Canada, CDC among rare names leading US dollar issuance

LONDON, Nov 7 (IFR) - SSA US dollar issuance, estimated at US$10bn, is being met with solid investor interest, allowing issuers to tighten guidance on all deals.

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

Insurer Aviva plans its first listed UK property trust

LONDON, Nov 7 (Reuters) - Insurer Aviva's fund arm announced plans on Tuesday for its first listed UK property trust, joining a number of other such listings since Britain's vote to leave the European Union increased demand for more liquid property assets.

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

HSBC pledges $100 bln of finance by 2025 to combat climate change

LONDON, Nov 6 (Reuters) - HSBC has pledged to provide $100 billion in financing and investment by 2025 to help combat climate change, the bank said on Monday.

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

UPDATE 3-Trump backs New York in bourses' battle for Saudi Aramco listing

* But Trump has close ties with Riyadh (Adds comments from government watchdog, Nasdaq)

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

UPDATE 2-Trump backs New York in bourses' battle for Saudi Aramco listing

* But Trump has close ties with Riyadh (Adds analysis, context)

from Reuters: New Issues News http://ift.tt/2zdHtK7

UPDATE 2-London IPO market hit as Arqiva and Bakkavor pull floats

* Russia's En+ listed GDRs at low end of price guide (Adds details on En+, data on listings, background on UK IPOs)

from Reuters: New Issues News http://ift.tt/2yr3i9C

Russia's RDIF buys into En+ IPO with M.East, Asia-Pacific partners

MOSCOW, Nov 3 (Reuters) - The Russian Direct Investment Fund (RDIF) invested in En+ Group during its initial public offering together with partners from the Middle East and the Asia-Pacific region, RDIF said in a statement on Friday.

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

UPDATE 1-Russia's En+ prices IPO at $14 per GDR, valued at $8 bln

MOSCOW, Nov 3 (Reuters) - Russia's En+ Group, which manages tycoon Oleg Deripaska's aluminium and hydropower businesses, priced its global depositary receipts at $14 in an initial public offering (IPO) on Friday, at the lower end of its guided range.

from Reuters: New Issues News http://ift.tt/2zfs7V3

Russia's En+ prices IPO at $14 per GDR, valued at $8 bln

MOSCOW, Nov 3 (Reuters) - Russia's En+ Group, which manages tycoon Oleg Deripaska's aluminium and hydropower businesses, priced its global depositary receipts at $14 in an initial public offering on Friday, at the lower end of its guided range.

from Reuters: New Issues News http://ift.tt/2j0lOPr

UPDATE 1-Qatar poised to buy into En+ as Russia tests investor interest

MOSCOW/LONDON, Nov 2 (Reuters) - Qatar Investment Authority is expected to invest in the initial public offering of Russia's En+ , sources said on Thursday, adding the flotation would be priced at the bottom of a previously announced range.

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

BRIEF-Qatari Investment Authority bid for around $300 million in En+ IPO – sources

* QATARI INVESTMENT AUTHORITY BID FOR AROUND $300 MILLION IN EN+ IPO – SOURCES

from Reuters: New Issues News http://ift.tt/2yoh64M

Russia's En+ expected to price at $14/depositary receipt, bottom of range -bookrunner

LONDON, Nov 2 (Reuters) - The initial public offering (IPO) of En+ , which manages tycoon Oleg Deripaska's aluminium and hydropower businesses, is expected to price at $14 per global depositary receipt (GDR), the bottom of a previously announced range.

from Reuters: New Issues News http://ift.tt/2A9pFgO

UPDATE 1-Order book for IPO of Russia's En+ fully covered - sources

MOSCOW, Nov 1 (Reuters) - The initial public offering (IPO) of En+, which manages tycoon Oleg Deripaska's aluminium and hydropower businesses, has received at least as many orders from investors as the number of shares on sale, three market sources told Reuters on Wednesday.

from Reuters: New Issues News http://ift.tt/2z6HWvq

Books for Russia's En+ IPO are fully covered - sources

MOSCOW, Nov 1 (Reuters) - Order books for an initial public offering by En+, which manages tycoon Oleg Deripaska's aluminium and hydropower businesses, are fully covered, three financial market sources told Reuters on Wednesday.

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

Russia's MD Medical says no new share sale if price below $12

MOSCOW, Nov 1 (Reuters) - Russia's MD Medical Group will not proceed with a secondary public offering if the shares cannot fetch at least $12, Mark Kurtser, its main shareholder and chief executive, told Reuters.

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

UPDATE 1-Old Mutual to retain 20 percent of South Africa's Nedbank after split

JOHANNESBURG, Nov 1 (Reuters) - Anglo-South African financial services group Old Mutual said on Wednesday it will retain a 19.9 percent strategic minority shareholding in Nedbank after the parent company's planned split.

from Reuters: New Issues News http://ift.tt/2lD7vRt

Old Mutual to retain 20 percent of South Africa's Nedbank after split

JOHANNESBURG, Nov 1 (Reuters) - Anglo-South African financial services group Old Mutual said on Wednesday it will retain a 19.9 percent strategic minority shareholding in Nedbank after the parent company's planned split.

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

UPDATE 1-Ghana's ESLA to pay 19.0 pct yield on 7-yr tranche of energy bond

ACCRA, Oct 27 (Reuters) - Ghana's ESLA will pay a yield of 19.0 percent on an oversubscribed 2.4 billion cedi ($548 mln) seven-year tranche of a government-backed energy bond issued on Friday to repay debts owed by power utilities, arrangers said.

from Reuters: New Issues News http://ift.tt/2hfC4rN

UPDATE 1-TMF Group ditches London IPO for $2 bln CVC Capital offer

Oct 27 (Reuters) - Doughty Hanson's business services firm TMF Group said it will be sold to private equity firm CVC Capital Partners for 1.75 billion euros ($2 bln), ending its plans to list on the London Stock Exchange.

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

TMF Group ditches London IPO after CVC Capital 1.75 bln euro offer

Oct 27 (Reuters) - Business services firm TMF Group said it would be bought by private equity firm CVC Capital Partners for 1.75 billion euros ($2.03 billion), ending its plans to list on the London Stock Exchange.

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

India's HDFC Life sets price range for up to $1.34 bln IPO

MUMBAI, Oct 26 (Reuters) - HDFC Standard Life Insurance Co. Ltd's initial public offering could raise as much as 86.95 billion rupees ($1.34 billion) after the Indian insurer set a 275-290 rupees per share price range for the IPO on Thursday.

from Reuters: New Issues News http://ift.tt/2xq9hqB

UPDATE 2-Refresco's 1.6 billion euro takeover to end short-lived listing

* Refresco agrees to 1.6 billion euro offer from PAI Partners

from Reuters: New Issues News http://ift.tt/2zBM8Cg

China cancer specialist Chi-Med plans $262 mln share offering

LONDON, Oct 25 (Reuters) - China-based cancer and immunology drug specialist Hutchison China MediTech, or Chi-Med, said it aimed to offer $262 million of American Depositary Shares, subject to market conditions, to help fund development of its pipeline.

from Reuters: New Issues News http://ift.tt/2y53TZp

BRIEF-Aker BP in $2 billion deal to buy Norway unit of Hess

* Aker bp acquires Hess Norge for a cash consideration of USD 2.0 billion

from Reuters: New Issues News http://ift.tt/2gxQ9QN

UPDATE 1-Ghana to open bids for energy bonds worth 6 bln cedis ($1.36 bln)

ACCRA, Oct 23 (Reuters) - Ghana will start receiving bids on Tuesday for domestic bonds worth 6 billion cedis ($1.36 billion) to settle energy sector debts that have accumulated over the past decade, lead arrangers said on Monday. The 7-year and 10-year bonds to be priced on Thursday form part of the government's plans to raise a total of 10 billion cedis to settle debts owed by state power utilities to banks and bulk oil distributors.

from Reuters: New Issues News http://ift.tt/2yJ49kv

Russia's En+ to issue new shares for Glencore after IPO: prospectus

MOSCOW, Oct 23 (Reuters) - Russia's En+ Group, which manages tycoon Oleg Deripaska's aluminium and hydropower businesses, plans to issue new shares to Glencore after it completes its planned initial public offering, the IPO prospectus shows.

from Reuters: New Issues News http://ift.tt/2zw3Tmk

UPDATE 1-Saudi Aramco CEO says listing on track for 2018 - CNBC

DUBAI, Oct 23 (Reuters) - Saudi Aramco's initial public offering will take place in 2018 as planned and the listing venue will be revealed in due course, the company's chief executive said in a CNBC interview broadcast on Monday.

from Reuters: New Issues News http://ift.tt/2gZp9dw

UPDATE 2-Russia's En+ sets price range for flotation set to raise $1.5 bln

* En+ sees its market cap at up to $8.5 bln on pre-money basis

from Reuters: New Issues News http://ift.tt/2y0F59M

UPDATE 2-British masts group Arqiva broadcasts $2 bln IPO plan

* Owners pursue listing after private sale failed (Adds valuation detail)

from Reuters: New Issues News http://ift.tt/2gAR0Un

UPDATE 1-British masts group Arqiva broadcasts $2 bln IPO plan

LONDON, Oct 23 (Reuters) - British broadcast and mobile masts company Arqiva plans to raise around 1.5 billion pounds ($2 billion) in the biggest initial public offering (IPO) in London so far in 2017.

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

UPDATE 1-Russia's En+ sets IPO price range at $14-17 per GDR

MOSCOW, Oct 23 (Reuters) - Russia's En+ Group, which manages Russian tycoon Oleg Deripaska's aluminium and hydropower businesses, has set a price range for its initial public share offering (IPO) in London and Moscow, it said on Monday.

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

Russia's En+ sets IPO price range at $14-17 per GDR

MOSCOW, Oct 23 (Reuters) - Russia's En+ Group, which manages Russian tycoon Oleg Deripaska's aluminium and hydropower businesses, has set a price range for its initial public share offering (IPO) in both London and Moscow, it said on Monday.

from Reuters: New Issues News http://ift.tt/2gCz4bT

British debt collector Cabot launches 1 bln stg London IPO

LONDON, Oct 20 (Reuters) - Cabot Credit Management , Britain's biggest debt collector said on Friday it would list on the London Stock Exchange, targeting a 1 billion-pound ($1.32 billion) market capitalisation, a source familiar with the matter told Reuters.

from Reuters: New Issues News http://ift.tt/2gwyRH8

BRIEF-Russia's En+ to pay out $125 mln in interim dividends in Dec

* Says board approves interim dividends of $125 million to be paid in December 2017;

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

Strong private equity interest in German Alloheim sale -sources

FRANKFURT, Oct 19 (Reuters) - Several buyout groups remain in the running for Alloheim, one of Germany's top three nursing home operators, as its owner seeks to benefit from high valuations for healthcare assets, sources close to the matter said.

from Reuters: New Issues News http://ift.tt/2xPSA7o

BRIEF-Intesa Sanpaolo CEO says Glencore, QIA loan for Rosneft stake not reimbursed yet

* The 5.2 billion euro loan to Glencore and Qatar Investment Authority to help buy a 19.5 percent stake in Rosneft has not been reimbursed yet

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

UPDATE 1-Glencore to swap Rusal stake for shares in Russia's En+

MOSCOW, Oct 18 (Reuters) - Glencore will swap its 8.75 percent stake in Russian aluminium giant Rusal for shares in En+ Group, an aluminium and hydropower group controlled by tycoon Oleg Deripaska, En+ said on Wednesday.

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

Glencore to swap Rusal stake for shares in Russia's En+

MOSCOW, Oct 18 (Reuters) - Glencore will convert its 8.75 percent stake in Russian aluminium giant Rusal to shares in En+ Group, an aluminium and hydropower group controlled by tycoon Oleg Deripaska, En+ said on Wednesday.

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

UK's RWS Holdings agrees $320 mln deal to buy Czech firm Moravia

PRAGUE, Oct 18 (Reuters) - British translation and intellectual property services company RWS Holdings will buy Czech translation service provider Moravia for $320 million, the companies said on Wednesday.

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

RPT-UPDATE 1-Nature publisher prepares 2018 stock market listing -sources

FRANKFURT, Oct 18 (Reuters) - SpringerNature, the publisher of science magazines Nature and Scientific American, is preparing a 2018 stock market listing valuing the company at up to 4 billion euros ($4.7 billion), people close to the matter said.

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

UPDATE 1-Nature publisher prepares 2018 stock market listing -sources

FRANKFURT, Oct 17 (Reuters) - SpringerNature, the publisher of science magazines Nature and Scientific American, is preparing a 2018 stock market listing valuing the company at up to 4 billion euros ($4.7 billion), people close to the matter said.

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

London court adjourns Dana Gas sukuk trial

DUBAI, Oct 13 (Reuters) - A London High Court judge has adjourned hearings on whether the United Arab Emirates' Dana Gas must redeem $700 million of Islamic bonds when they mature at the end of this month, sources familiar with the matter said on Friday.

from Reuters: New Issues News http://ift.tt/2zlv97Y

UPDATE 1-British debt collector Cabot to launch 1 bln stg IPO next week - source

LONDON, Oct 13 (Reuters) - Cabot Credit Management, Britain's biggest debt collector, is set to launch a 1 billion pound ($1.3 billion) stock market float next week after a delay last month to revamp its board, a person familiar with the matter said.

from Reuters: New Issues News http://ift.tt/2g6COi1

British debt collector Cabot to launch 1 bln stg IPO next week - source

LONDON, Oct 13 (Reuters) - Britain's biggest debt collector Cabot Credit Management is set to launch a stock market debut next week expected to value it at about 1 billion pounds ($1.3 billion) after a delay last month to revamp its board, a person familiar with the matter said.

from Reuters: New Issues News http://ift.tt/2kJbR9g

BAWAG PSK books already covered in Austria's biggest IPO

ZURICH/VIENNA, Oct 12 (Reuters) - Books are already covered for the listing of BAWAG PSK, the Austrian bank majority owned by U.S. private equity group Cerberus Capital Management, one of the bookrunners said on Thursday.

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

BRIEF-Evolva announces pricing of private placement to Pictet and Cologny

* ANNOUNCES PRICING OF THE PRIVATE PLACEMENT TO PICTET ASSET MANAGEMENT AND COLOGNY ADVISORS LLP

from Reuters: New Issues News http://ift.tt/2z2k3DT

UPDATE 4-Spanish bonds and stocks rise as Catalonia split fears recede

* Spanish/German bond yield gap 9 bps tighter (Updates prices)

from Reuters: New Issues News http://ift.tt/2i2gxX0

Two Russian tycoons sell 3 pct of aluminium giant Rusal for $315 mln

MOSCOW, Oct 11 (Reuters) - Russian tycoons Mikhail Prokhorov and Viktor Vekselberg have sold a 3 percent stake in Russian aluminium giant Rusal via an accelerated bookbuilding (ABB) for $315 million, one of their bookrunners said on Wednesday.

from Reuters: New Issues News http://ift.tt/2fZzmG3

UPDATE 1-M7 joins Britain's property IPO boom

Oct 10 (Reuters) - Property investment firm M7 Real Estate launched a sale of shares in a new company on Tuesday, M7 Multi-Let REIT, which owns and manages industrial and office property, aiming to raise 300 million pounds ($395 million) on the London stock market.

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

Two Russian tycoons selling 3 percent of aluminium producer Rusal

MOSCOW, Oct 10 (Reuters) - Russian tycoons Mikhail Prokhorov and Viktor Vekselberg are selling a 3-percent stake in Russian aluminium giant Rusal via accelerated bookbuilding (ABB), one of their bookrunners said on Tuesday.

from Reuters: New Issues News http://ift.tt/2gb4QfX

UPDATE 1-Ready meals firm Bakkavor prepares $2 bln London listing

LONDON, Oct 10 (Reuters) - Ready meals supplier Bakkavor plans to list at least a quarter of its shares on the London Stock Exchange in early November, in a deal that sources say could value it at up to 1.5 billion pounds ($2 billion).

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

Irish housebuilder Glenveagh says IPO set to raise 550 mln euros

DUBLIN, Oct 10 (Reuters) - Irish homebuilder Glenveagh Properties on Friday said it was set to raise 550 million euros ($647.30 million) in Ireland's second-largest initial public offering since the 2008 financial crisis amid a housing crisis in Europe's fastest growing economy.

from Reuters: New Issues News http://ift.tt/2y9xbbe

VTB Capital values Russia's En+ at $9 bln-$12 bln ahead of IPO

MOSCOW, Oct 6 (Reuters) - VTB Capital, a coordinator of the planned initial public offering of Russia's En+ has valued the group's total equity at between $9 billion and $12 billion, according to a VTB report obtained by Reuters. En+ Group, which manages Russian tycoon Oleg Deripaska's aluminium and hydropower businesses, is planning an initial public share offering (IPO) in London and Moscow. It has not said how much of its equity it plans to float but has said it hopes to raise $1

from Reuters: New Issues News http://ift.tt/2fS8Oqc

UPDATE 1-Metals recycler Befesa to list in Frankfurt this year

FRANKFURT, Oct 6 (Reuters) - German metals recycling group Befesa is planning to list on the Frankfurt stock market this year, the company said in a statement on Friday.

from Reuters: New Issues News http://ift.tt/2y3Glrw

UPDATE 2-Russia's En+ to test markets with London share offer

MOSCOW, Oct 5 (Reuters) - Russia's En+ Group will launch an initial public share offering in London and Moscow, it said on Thursday, testing investors' appetite for Russian assets three years after Western countries imposed sanctions on Moscow over its role in the Ukraine crisis.

from Reuters: New Issues News http://ift.tt/2xUM5o8

RPT-UPDATE 1-Acquisition vehicle J2 raises $1.25 bln in London listing

LONDON, Oct 5 (Reuters) - J2 Acquisition, a British Virgin Islands investment vehicle set up by former executives of U.S. consumer products firm Jarden, has raised $1.25 billion in an initial public share offering in London, J2 said on Thursday.

from Reuters: New Issues News http://ift.tt/2y1fzjq

UPDATE 1-Dutch business services firm TMF seeks London share listing

LONDON, Oct 5 (Reuters) - Business services firm TMF Group said it plans to raise 340 million euros ($399.47 million) from a London share listing in November, as the Dutch company tries to reduce its debt.

from Reuters: New Issues News http://ift.tt/2z0zE7Z

UPDATE 1-Russia's En+ launches IPO in London and Moscow

MOSCOW, Oct 5 (Reuters) - En+ Group, which manages Russian tycoon Oleg Deripaska's aluminium and hydropower businesses, has announced its intention to conduct an initial public offering on the London Stock Exchange and the Moscow Exchange.

from Reuters: New Issues News http://ift.tt/2y109eE

Dutch firm TMF Group aims to raise 340 mln eur in London IPO

LONDON, Oct 5 (Reuters) - Business services firm TMF Group said it plans to raise gross proceeds of 340 million euros ($399.47 million) from a London listing in November, as the Dutch company tries to reduce its debt burden.

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

Russia's En+ launches IPO in London, Moscow

MOSCOW, Oct 5 (Reuters) - En+ Group, which manages Russian tycoon Oleg Deripaska's aluminium and hydropower businesses, has announced its intention to conduct an initial public offering on the London Stock Exchange and the Moscow Exchange.

from Reuters: New Issues News http://ift.tt/2xiAta4

Russia's Sistema: planned unit listings draw interest from Saudi investors

MOSCOW, Oct 4 (Reuters) - Saudi investors have shown interest in planned share offerings by units of Russian conglomerate Sistema , its chairman said on Wednesday, Russian news agencies reported.

from Reuters: New Issues News http://ift.tt/2g9v6UX

BRIEF-Standard Life Aberdeen plans subordinated debt issue

* Standard life aberdeen plc proposes subordinated debt offering Source text for Eikon: Further company coverage:

from Reuters: New Issues News http://ift.tt/2yIf0Za

Canada debt issues set record, helped by maple bonds; M&A drops

TORONTO, Oct 3 (Reuters) - Canadian debt issuance climbed 12 percent to a record in the first nine months of 2017, helped by deals from Canada Housing Trust and a major maple bond from Apple Inc, bucking a weak trend in M&A and equity deals as Canadian companies slowed the pace of their outbound dealmaking.

from Reuters: New Issues News http://ift.tt/2xRUx4I

Global investment banking fees at 10-year high

LONDON, Oct 3 (Reuters) - Global investment banking fees in the year to date have reached their highest since just before the financial crisis, coming in at $76.1 billion, according to Thomson Reuters data.

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

Ready meals firm Bakkavor names new chairman ahead of $2bln float- source

LONDON, Oct 2 (Reuters) - Ready meals supplier Bakkavor plans to name a former boss of toy shop Hamleys as its new chairman in preparation for a London listing that could value it at up to 1.5 billion pounds ($2 billion), a source close to the matter told Reuters.

from Reuters: New Issues News http://ift.tt/2hK1jWA

UPDATE 2-BoE tells banks to find 4 bln pounds of 'bail-in' debt by 2022

* BoE to publish summary of resolution plans from 2019 (Adds more detail, banking industry reaction)

from Reuters: New Issues News http://ift.tt/2fEQAs8

Britain plans new sukuk deal; Brexit may boost Islamic finance

* Sukuk may boost UK Islamic finance in focus on non-EU business

from Reuters: New Issues News http://ift.tt/2g4h5Ym

UPDATE 1-Irish housebuilder Glenveagh to raise up to 550 mln euros in IPO

* Ireland struggling with chronic shortage of housing (Adds details, quotes)

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

Fastjet to raise cash to fund South Africa, Mozambique growth

Sept 29 (Reuters) - African budget airline Fastjet Plc said on Friday it would raise not less than $44 million, in part through a placing, to fund expansion in South Africa and Mozambique.

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

Europe has strongest third quarter for share listings since 2014

LONDON, Sept 29 (Reuters) - Proceeds from European initial public offerings (IPO) reached $7.7 billion in the three months ending September, up 45 percent compared with last year and the highest since 2014, according to Thomson Reuters data.

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

China-backed fund clear to buy Imagination after rival interest ends

LONDON, Sept 27 (Reuters) - Imagination Technologies , the British chip designer selling itself to a China-backed buyout fund, said on Wednesday another potential buyer had ruled itself out, removing a potential hurdle to the 550 million pound ($737 million) deal.

from Reuters: New Issues News http://ift.tt/2xA5Tu7

UPDATE 2-Eneco shareholder group criticises management

AMSTERDAM, Sept 26 (Reuters) - A commission representing shareholders in Dutch energy company Eneco NV on Tuesday criticised the company's management for trying to influence its sale process.

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

UPDATE 3-Thyssenkrupp raises $1.7 bln to fund industrial goods businesses

* Thyssenkrupp shares flat (Adds information on two biggest shareholders)

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

UPDATE 2-Thyssenkrupp raises $1.7 bln to fund industrial goods businesses

* Thyssenkrupp shares down 1 pct (Recasts, adds context, shares, analyst comment)

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

UPDATE 1-Thyssenkrupp raises 1.4 bln euros via share sale

BERLIN, Sept 25 (Reuters) - Thyssenkrupp AG raised almost 1.4 billion euros ($1.66 billion) from institutional investors on Monday in a share sale to bolster its balance sheet ahead of a planned merger with India's Tata Steel.

from Reuters: New Issues News http://ift.tt/2yof4gy

Thyssenkrupp to raise capital ahead of Tata deal

BERLIN, Sept 25 (Reuters) - Germany's Thyssenkrupp will increase its capital by 10 percent in a sale of new shares to bolster its balance sheet ahead of a planned deal with India's Tata Steel.

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

UPDATE 1-Britain's Deliveroo raises $385 mln for food fight

LONDON, Sept 24 (Reuters) - British food delivery company Deliveroo has raised $385 million in private funding, it said on Sunday, as it prepares for expansion to help it compete with publicly traded rivals such as Delivery Hero and Just Eat.

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

UK food delivery firm Deliveroo raises $385 million for expansion

LONDON, Sept 24 (Reuters) - British takeaway food delivery firm Deliveroo has raised $385 million in new funding, the firm said in a statement on Sunday which set out that the money would help establish operations in new areas of the country and overseas.

from Reuters: New Issues News http://ift.tt/2wdy8gT

UPDATE 1-London Dana Gas sukuk trial to go ahead despite UAE injunction -judge

* UAE injunction bars Dana Gas from participating (Adds details, background)

from Reuters: New Issues News http://ift.tt/2fdT3cw

Nigeria's Union Bank starts 50 bln naira share sale

LAGOS, Sept 20 (Reuters) - Nigeria's Union Bank has begun a share sale to existing shareholders to raise 50 billion naira ($159.24 mln) after it received regulatory approval, the bank said on Wednesday.

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

UPDATE 1-Judge tells Dana Gas London trial could go ahead without it

LONDON, Sept 19 (Reuters) - A High Court judge called on Tuesday on Dana Gas and its creditors to agree on a way for a trial seen as shaping the future of Islamic finance to proceed and said he might complete it regardless of whether all parties were present.

from Reuters: New Issues News http://ift.tt/2jG5pPP

Dana Gas sukuk UK trial adjourned until Thursday after injunction

LONDON, Sept 19 (Reuters) - A London High Court judge on Tuesday adjourned until Thursday a trial on the validity of a sukuk, or Islamic bond, issued by UAE company Dana Gas in a case with implications for the global Islamic finance industry.

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

UPDATE 1-South Africa's Steinhoff African unit prices IPO at 20.50 rand

JOHANNESBURG, Sept 15 (Reuters) - South Africa's Steinhoff priced the initial public offering (IPO) of its African unit at 20.50 rand on Friday, the middle of the marketed range and valuing the business at about 71 billion rand ($5.40 billion).

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

BRIEF-Unilever issues bonds amounting to 250 million pounds

* UNILEVER NV ISSUES BONDS AMOUNTING TO GBP 250 MILLION, THAT WILL BE LISTED ON EURONEXT AMSTERDAM AS OF SEPT. 15 - EURONEXT

from Reuters: New Issues News http://ift.tt/2xmF5Q9

BRIEF-Transcontainer to spin off tank-container transportation business

* SAYS APPROVES TO SPIN OFF COMPANY'S TANK-CONTAINER TRANSPORTATION BUSINESS INTO A WHOLLY OWNED SUBSIDIARY

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

Barclays wins end to U.S. litigation over pre-crisis disclosures

NEW YORK, Sept 13 (Reuters) - Barclays Plc won the dismissal on Wednesday of U.S. class-action litigation by investors who bought its stock just months before the 2008 global financial crisis, and accused it of concealing its exposure to risky debt and an inability to manage credit risks.

from Reuters: New Issues News http://ift.tt/2x0Wz20

British motor insurer Sabre to pursue $800 mln listing - sources

LONDON, Sept 12 (Reuters) - British motor insurer Sabre is planning an initial public offering (IPO) that could value it at 600 million pounds ($800 million) after failing to find a buyer, sources with knowledge of the matter said.

from Reuters: New Issues News http://ift.tt/2xiRog8

BRIEF-Bank of Ireland issues first bonds from new holding company

* Raised 300 million pounds, 500 million dollars of Tier 2 capital with a maturity of 10 years

from Reuters: New Issues News http://ift.tt/2y2bTfb

Spain's Santander to raise up to 981 mln euros in subordinated debt

MADRID, Sept 12 (Reuters) - Spain's Banco Santander registered on Tuesday a prospectus to raise up to 981 million euros ($1.2 billion) in subordinated debt as part of a commercial offer to compensate some retail clients who acquired shares and subordinated debt of Banco Popular and were wiped out when the bank was wound down.

from Reuters: New Issues News http://ift.tt/2h1Wjs4

Barclays to step up fixed income, equity financing

LONDON, Sept 12 (IFR) - Barclays plans to step up financing in its corporate and investment bank, particularly in fixed income and equity, as part of its plan to improve returns in the business.

from Reuters: New Issues News http://ift.tt/2h0HINu

Cabot IPO delayed as Provident Financial ex-CEO quits board

LONDON, Sept 11 (Reuters) - Cabot Credit Management's planned 1 billion pound ($1.3 billion) initial public offering has been delayed by the resignation from its board of the former boss of Provident Financial.

from Reuters: New Issues News http://ift.tt/2xrFyB9

RPT-UPDATE 1-Will Saudi Aramco deliver world record profit for next year's IPO?

LONDON, Sept 8 (Reuters) - When oil giant Saudi Aramco discloses its financials for the first time next year, it must either surprise investors with world record profits or reduce its aspirations for a $2 trillion valuation in its initial public offering (IPO).

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

Benetton's Edizione readying bid for packaging firm Guala Closures - sources

LONDON, Sept 8 (Reuters) - Italy's Edizione Holding, the investment vehicle of the Benetton family, is preparing a bid for Italian packaging manufacturer Guala Closures, valued at more than 1 billion euros ($1.2 billion) including debt, three sources said.

from Reuters: New Issues News http://ift.tt/2f9AkQ7

UPDATE 1-Will Saudi Aramco deliver world record profit for next year's IPO?

* Valuation demands annual earnings around $130 billion (Adds latest figures for Aramco's reserves in paragraph 3)

from Reuters: New Issues News http://ift.tt/2wO9R22

CORRECTED-Will Saudi Aramco deliver world record profit for next year's IPO?

LONDON, Sept 8 (Reuters) - When oil giant Saudi Aramco discloses its financials for the first time next year, it must either surprise investors with world record profits or reduce its aspirations for a $2 trillion valuation in its initial public offering (IPO).

from Reuters: New Issues News http://ift.tt/2xTIX8P

Will Saudi Aramco deliver world record profit for next year's IPO?

LONDON, Sept 8 (Reuters) - When oil giant Saudi Aramco discloses its financials for the first time next year, it must either surprise investors with world record profits or reduce its aspirations for a $2 trillion valuation in its initial public offering (IPO).

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

Fenergo hires 300 as banks step up mid-office overhaul

LONDON, Sept 7 (IFR) - Financial technology firm Fenergo is doubling its staff as banks sign up for its software to "onboard" clients and carry out compliance and due diligence more easily - further evidence of the technology shaking up capital markets.

from Reuters: New Issues News http://ift.tt/2eGOo2V

Syndicated sale of 50-year gilt attracts 2nd highest demand on record

LONDON, Sept 5 (Reuters) - Britain's sale via syndication of a 50-year government bond attracted the second highest amount of orders on record, the United Kingdom Debt Management Office (DMO) said on Tuesday.

from Reuters: New Issues News http://ift.tt/2eCe2FE

Britain sells 4.0 bln stg of 2065 gilt via syndication

LONDON, Sept 5 (Reuters) - Britain said on Tuesday that it had sold 4.0 billion pounds ($5.2 billion) of the 2.5 percent 2065 conventional gilt via syndication.

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

Britain's Destiny Pharma raises cash to fund 'superbug' drugs

LONDON, Sept 4 (Reuters) - Britain's Destiny Pharma , which is developing drugs to target antibiotic-resistant bacterial infections, has raised 15.3 million pounds ($19.8 million) by listing shares on London's AIM market.

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

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

UPDATE 2-Dana axes offer to swap $700 mln bond in pivotal Islamic finance case

DUBAI, July 31 (Reuters) - Dana Gas has revoked an offer to creditors to exchange its outstanding $700 million Islamic bond for new notes, ending the chance of a consensual resolution to a case that could shape the future of the global Islamic finance industry.

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

BRIEF-Jupiter Energy calls off AIM listing plans

* Board have reviewed company's aim listing and concluded that these benefits of listing have not been realised

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

Asian high yield suffers triple whammy, as investors push back

* Three bond deals withdrawn as record issuance finally takes toll

from Reuters: New Issues News http://ift.tt/2hf43ur

Airlines' Atlantic pact guards against budget rivals and Brexit

BERLIN/NEW YORK, July 28 (Reuters) - A transatlantic alliance between three global airlines will shore up their position in the lucrative UK-U.S. market, shielding them from low-cost rivals and the uncertainties of Britain's exit from the European Union.

from Reuters: New Issues News http://ift.tt/2v6tvYm

TREASURIES-Bond prices fall, yield curve steepens on heavy supply

(Adds auction results, quotes; updates prices) * Treasury sells $28 bln seven-year notes to fair demand * AT&T markets large bond sale * Gross domestic product data in focus on Friday By Karen Brettell NEW YORK, July 27 (Reuters) - U.S. Treasury prices fell on Thursday as the market was weighed down by government and corporate debt supply, and as investors evaluated the Federal Reserve's statement that it is closer to paring its balance sheet. The Treasury Department so

from Reuters: New Issues News http://ift.tt/2w3VLbb

UPDATE 1-Delta, Air France-KLM, Virgin rejig Atlantic alliances

PARIS, July 27 (Reuters) - Delta Air Lines, Air France-KLM and Virgin Atlantic unveiled plans on Thursday to combine two overlapping transatlantic joint-ventures, cemented by $1 billion of equity deals as airlines brace for competition and wider consolidation.

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

Air France-KLM in $1 bln equity deals to expand alliances

PARIS, July 27 (Reuters) - Air France-KLM on Thursday announced plans for over $1 billion of equity transactions with other airlines in what it described as a move to become the European pillar of an enhanced global network.

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

BRIEF-Myriad Group plans to increase capital to up to CHF 15 mln

* MYRIAD GROUP AG ANNOUNCES EXTRAORDINARY GENERAL MEETING TO BE HELD ON 24 AUGUST 2017, TO APPROVE CAPITAL INCREASE AND NOMINATION OF NEW DIRECTOR

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

UPDATE 1-FTSE Russell says most investors support voting rights for index inclusion

BOSTON, July 25 (Reuters) - Index provider FTSE Russell said on Tuesday that a majority of investors it surveyed supported its suggestion that companies should offer at least some voting rights in order to be included in its stock indexes.

from Reuters: New Issues News http://ift.tt/2h0mUsK

FTSE Russell says majority support voting rights for index inclusion

BOSTON, July 25 (Reuters) - Index provider FTSE Russell said on Tuesday that a majority of investors it surveyed supported its suggestion that companies should offer at least some voting rights in order to be included in its stock indexes.

from Reuters: New Issues News http://ift.tt/2uu6C01

UPDATE 1-Drillisch shareholders approve takeover by United Internet

* Merger creates more credible challenge to network operators

from Reuters: New Issues News http://ift.tt/2uT8Bfj

Zimbabwe's Simbisa seeks AIM listing, foreign acquisition

HARARE, July 24 (Reuters) - Zimbabwe's largest fast-food restaurant operator, Simbisa Brands, plans a secondary listing on the London Stock Exchange's junior market to raise capital to expand and for a potential foreign acquisition, it said on Monday.

from Reuters: New Issues News http://ift.tt/2uY6Wpb

PRESS DIGEST- British Business - July 24

July 24 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

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

UPDATE 1-Dubai Aerospace raises $2.3 bln in bonds for AWAS deal

DUBAI, July 23 (Reuters) - Dubai Aerospace Enterprise (DAE) has priced $2.3 billion in senior bonds split across three tranches, the company said on Sunday.

from Reuters: New Issues News http://ift.tt/2vMFSG0

Tissue Regenix raises 40 mln stg to buy U.S. regenerative medicine firm

LONDON, July 21 (Reuters) - Tissue Regenix said on Friday it had raised 40 million pounds ($52 million) by selling new shares to buy CellRight Technologies, a U.S regenerative medicine company that specialises in spine surgery and orthopaedics.

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

UPDATE 1-BP says it is considering IPO of U.S. pipeline assets

July 18 (Reuters) - BP Plc is considering spinning off certain U.S. pipeline assets in the U.S. Gulf and Midwest in an initial public offering, the company said in a statement on Tuesday.

from Reuters: New Issues News http://ift.tt/2vzzG46

Dana Gas to lift UAE sukuk injunction to comply with London court -source

DUBAI, July 18 (Reuters) - Dana Gas will lift an injunction it obtained in a United Arab Emirates court protecting it against claims on $700 million of Islamic bonds to comply with a London court order, a source with knowledge of the matter told Reuters.

from Reuters: New Issues News http://ift.tt/2vxtqd0

India's HDFC Life revives IPO plan as Max Life deal struggles

MUMBAI, July 17 (Reuters) - India's HDFC Standard Life Insurance Co Ltd said on Monday it had revived a planned initial public offering, as it struggles to get regulatory approval to buy smaller rival Max Life.

from Reuters: New Issues News http://ift.tt/2uBx49a

UPDATE 2-Centrica merges oil business with Bayerngas to tap younger fields

* Centrica to pay 340 mln pounds out to 2022 for decommissioning

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

New UK listing rules set to attract state companies beyond Aramco

* FCA proposed listing category tailored for state-owned firms

from Reuters: New Issues News http://ift.tt/2v8k73N

UAE's Dana Gas describes UK court decisions on sukuk as favourable

DUBAI, July 16 (Reuters) - Abu Dhabi-listed Dana Gas described decisions by the High Court of Justice in London as favourable, as the company seeks to restructure $700 million of outstanding sukuk on the grounds that the instruments have become unlawful in the UAE.

from Reuters: New Issues News http://ift.tt/2tX7Y30

UPDATE 1-Marriott to join NatWest Markets FIG DCM team

LONDON, July 14 (IFR) - James Marriott, head of financial institutions group debt capital markets at UBS for Europe, Middle East and Africa, is joining NatWest Markets, according to multiple sources.

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

UBS banker James Marriott to join NatWest Markets DCM team - sources

LONDON, July 14 (IFR) - James Marriott, head of financial institutions group debt capital markets at UBS in Europe, Middle East and Africa, is joining NatWest Markets debt capital markets team, according to multiple sources. (Reporting by Alice Gledhill, Editing by Helene Durand)

from Reuters: New Issues News http://ift.tt/2tQg3Xp

UPDATE 1-Goldman, JPMorgan, HSBC vie for lead roles on UAE ADNOC retail unit IPO -sources

ABU DHABI/DUBAI, July 12 (Reuters) - Abu Dhabi's national oil company is weighing proposals from Goldman Sachs, First Abu Dhabi Bank, HSBC and JPMorgan for lead roles in the listing of its retail business as the emirate joins other Gulf states in privatising assets, sources familiar with the matter said.

from Reuters: New Issues News http://ift.tt/2tHl5Fn

Goldman, JPMorgan, HSBC in race for lead roles on UAE ADNOC retail unit IPO -sources

ABU DHABI/DUBAI, July 12 (Reuters) - Abu Dhabi's national oil company is weighing proposals from Goldman Sachs, First Abu Dhabi Bank, HSBC and JPMorgan for lead roles in the listing of its retail unit as the emirate joins other Gulf states in privatising assets, sources familiar with the matter said.

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

UPDATE 2-Activist Loeb keeps up performance pressure on Nestle -source

LONDON, July 10 (Reuters) - Activist investor Daniel Loeb is keeping up pressure on Nestle by sharing views with the company as part of a regular dialogue, a source familiar with the matter told Reuters.

from Reuters: New Issues News http://ift.tt/2u0ywBn

UPDATE 1-Activist Loeb keeps up pressure on Nestle - source

* Nestle shares pare gains made in wake of Loeb letter (Updates with details of Nestle campaign)

from Reuters: New Issues News http://ift.tt/2uHMK7D

Third Point Ultra fund up 0.9 pct in June amid Nestle campaign

LONDON, July 10 (Reuters) - Hedge fund Third Point's Ultra fund gained 0.9 percent in June, taking its year-to-date performance to 17.2 percent, a source familiar with the matter said on Monday, giving activist investor Dan Loeb a boost as he pushes for a shake-up at Nestle.

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

BRIEF-Ireland exercises over-alotment option in AIB IPO

* Announces exercise of over-allotment option in relation to Allied Irish Banks

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

UPDATE 1-London court to hear Dana Gas sukuk case in September

DUBAI/LONDON, July 5 (Reuters) - London's High Court plans to hold a full hearing in September on efforts by Abu Dhabi-listed Dana Gas to restructure $700 million of its Islamic bonds, sources familiar with the case said on Wednesday.

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

Creditors seek to overturn Dana Gas sukuk injunction in UK court

DUBAI, July 5 (Reuters) - The owners of Islamic bonds issued by Abu Dhabi-listed Dana Gas have gone to London's High Court of Justice to try to overturn an injunction that prevents them from forcing repayment of the $700 million of sukuk.

from Reuters: New Issues News http://ift.tt/2up4YLb

Russia's PIK to consolidate shareholder structure, plans SPO

MOSCOW, July 5 (Reuters) - Russian homebuilder PIK Group said on Wednesday it will consolidate its shareholder structure by raising a stake held by companies owned by Sergei Gordeev and will hold a secondary placement of its shares in the medium term.

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

UPDATE 1-Guinness Nigeria starts $126 mln share sale to cut funding costs

LAGOS, July 4 (Reuters) - Guinness Nigeria on Tuesday launched a share sale to raise 39.7 billion naira ($126 million) from existing shareholders to help lower its financing costs after reporting its first annual loss in 30 years last year.

from Reuters: New Issues News http://ift.tt/2tdM0Zq

Guinness Nigeria starts $126 mln share sale to cut funding costs

LAGOS, July 4 (Reuters) - Guinness Nigeria on Tuesday launched a share sale to raise 39.7 billion naira ($126 mln) from existing shareholders to help lower its financing costs after reporting its first annual loss in 30-years last year.

from Reuters: New Issues News http://ift.tt/2uGuOK0

UPDATE 1-Spain's Santander launches Popular rights issue at 19 pct discount

* Expects H1 net profit of 3.6 bln euros (Adds details, background)

from Reuters: New Issues News http://ift.tt/2tK44Ma

Spain's Santander launches 7 bln euros rights issue at 4.85 eur/share

MADRID, July 3 (Reuters) - Spain's Banco Santander on Monday launched a 7 billion euros ($7.95 billion) rights issue at a price of 4.85 euros per share, a move it had flagged a month ago when it took over rescued peer Banco Popular for a nominal euro.

from Reuters: New Issues News http://ift.tt/2sk3Ln4

UK debt agency names banks for 2056 linker syndicate

LONDON, June 30 (Reuters) - Britain's government debt agency named Citi, Goldman Sachs, J.P. Morgan, and Nomura on Friday as joint bookrunners for the sale via syndication next month of an index-linked gilt maturing in 2056.

from Reuters: New Issues News http://ift.tt/2t7fw1h

Global equity listings up by a third, but below previous peaks

LONDON, June 30 (Reuters) - Global equity listings rose sharply in the first half of the year, compared with a year earlier, driven by the U.S. market as well as rights issues in Europe, Thomson Reuters data showed, but remained way off 2015's surge.

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

Premier Foods explores options as part of regular review

LONDON, June 29 (Reuters) - Premier Foods, the owner of British food brands including Mr Kipling cakes and Oxo stock cubes, is exploring options as part of a regular review into maximizing shareholder value.

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

Hurricane Energy to raise $520 mln to fund North Sea field

LONDON, June 29 (Reuters) - Hurricane Energy plans to raise $520 million for test drilling at its Lancaster oilfield in the North Sea, a major milestone for the project that could breathe new life into the ageing offshore basin.

from Reuters: New Issues News http://ift.tt/2s6ih1i

Loss-making Delivery Hero to list at premium to online takeaway peers

BERLIN, June 29 (Reuters) - Loss-making online food takeaway firm Delivery Hero will list on Friday in a flotation that values one of Europe's largest Internet startups at 4.4 billion euros ($5 billion) as investors bet on a rapid shift to ordering on apps.

from Reuters: New Issues News http://ift.tt/2u279nU

UPDATE 1-SEC probes bankers from Barclays, Morgan Stanley on Puerto Rico bond sales

June 28 (Reuters) - The U.S. Securities and Exchange Commission may take action against bankers from Barclays Plc and Morgan Stanley for their roles in Puerto Rico bond sales, according to filings with the Financial Industry Regulatory Authority (FINRA).

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

SEC probes Barclays, Morgan Stanley bankers on Puerto Rico bonds -Bloomberg

June 28 (Reuters) - The U.S. Securities and Exchange Commission may take action against bankers from Barclays Plc and Morgan Stanley for their roles in Puerto Rico bond sales, Bloomberg reported.

from Reuters: New Issues News http://ift.tt/2sj0GYr

UPDATE 1-Delivery Hero on track to raise 1 bln euros with listing

* Orders below 25.50 euros a share risk missing deal - sources

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

UPDATE 1-Britain's Co-op Bank agrees $900 million rescue package

* Rescue avoids central bank intervention (Adds PRA response, details)

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

StanChart-backed China Bohai Bank seeks market listing

DALIAN, China, June 27 (Reuters) - China Bohai Bank Co , one of the country's 12 national joint-stock banks, is preparing for an initial public offering (IPO), Chairman Li Fuan said on Tuesday at the World Economic Forum in the northeastern city of Dalian.

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

UPDATE 1-Stada buyout falls short of shareholder acceptance target

* Stada shares drop 8 pct in after-market trading (Adds Stada CEO, background)

from Reuters: New Issues News http://ift.tt/2s9MuAX

UPDATE 1-Ireland raises 3 bln euros from "milestone" AIB share sale

* Provides strong platform for future sales-minister (Adds details, quotes)

from Reuters: New Issues News http://ift.tt/2sXODP6

AIB listing priced at 4.40 euro per share, raises 3 billion euros

DUBLIN, June 23 (Reuters) - Ireland raised 3 billion euros ($3.35 billion) on Friday via Allied Irish Banks' (AIB) return to the stock market, selling a quarter of the state-owned bank at 4.40 euros per share in one of the largest bank listings since the financial crisis.

from Reuters: New Issues News http://ift.tt/2rXwK3M

Irish finance minister "very happy" with AIB IPO after books close

DUBLIN, June 22 (Reuters) - Ireland's finance minister said he was very happy with how the process of Allied Irish Banks' (AIB) initial public offering had gone after order books on its sale of a 25 percent stake in the state-owned lender closed on Thursday.

from Reuters: New Issues News http://ift.tt/2sFFl8m

AIB further narrows IPO price range to 4.30-4.50 euros

DUBLIN, June 21 (Reuters) - Allied Irish Banks' (AIB) has further revised the price guidance for its stock market listing to between 4.30 euros to 4.50 euros with order books covered throughout the range, the bookrunner on the deal said on Wednesday.

from Reuters: New Issues News http://ift.tt/2rW9u1g

Diamond's Atlas Mara to raise US$200m in revival plan

LONDON, June 21 (IFR) - Bob Diamond’s African investment vehicle Atlas Mara said it is raising US$200m from Fairfax Africa and existing shareholders to kick-start the bank after a tough three years since listing.

from Reuters: New Issues News http://ift.tt/2sSL3Xz

UPDATE 1-Ireland set to net 3 bln euros from AIB IPO as pricing narrowed

* Proceeds could hit 3.5 bln euros on over-allotment option (Adds details)

from Reuters: New Issues News http://ift.tt/2sPPja0

AIB narrows IPO price range, book covered at upper end

DUBLIN, June 20 (Reuters) - Allied Irish Banks' (AIB) has revised the price range for its stock market listing to between 4.20 euros to 4.60 euros with order books covered in the upper half of the new range, the bookrunner on the deal said on Tuesday.

from Reuters: New Issues News http://ift.tt/2swY31M

Metals recycler Befesa attracts private equity bids - sources

FRANKFURT/LONDON, June 20 (Reuters) - Metals recycler Befesa has attracted bids from several private equity groups as its owner mulls whether to list the company on the stock exchange or opt for an outright sale.

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

China's Fosun raises offer for Fabergé owner Gemfields

June 20 (Reuters) - China's Fosun International has increased its offer for Fabergé owner Gemfields to 256 million pounds ($324 million), turning up the heat in a bid battle with the largest shareholder of the London-listed company.

from Reuters: New Issues News http://ift.tt/2rRaN1u

UPDATE 1-France's Orange to cut stake in BT Group

PARIS, June 19 (Reuters) - French telecoms company Orange plans to reduce its stake in British rival BT Group from 4 percent to as little as 1.33 percent, it said on Monday.

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

France's Orange to cut stake in BT Group to 2.66 pct or less

PARIS, June 19 (Reuters) - French telecoms firm Orange said on Monday it was reducing its stake in Britain's BT Group to about 2.66 percent from 4 percent, and could cut it further to as little as 1.33 percent.

from Reuters: New Issues News http://ift.tt/2tFK0qh

UPDATE 2-Delivery Hero aims to raise around 1 bln euros via listing

* Shares to start trading on June 30 (Adds comments from investors, bankers, source familiar with company)

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

Wall St Week Ahead-Tech to see bump in growth weighting in Russell rejig

NEW YORK, June 16 (Reuters) - The largecap technology sector is expected to see a bump in its growth weighting when index provider Russell Investments completes the annual refresh of its benchmarks next Friday, a move that could lift tech shares targetted in the rejig.

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

Buyout group says support for Shawbrook offer inches up ahead of Monday deadline

June 16 (Reuters) - Private equity groups trying to take control of British challenger bank Shawbrook Group Plc said 46.6 percent of shares in the lender now counted towards the 50 percent threshold needed by a deadline on Monday for the deal to go through.

from Reuters: New Issues News http://ift.tt/2rn0EtY

Co-op sub debt holders set for £27m coupon payments

LONDON, June 15 (IFR) - Holders of Co-operative bank's subordinated debt are set to receive some £27m of coupon payments in the coming weeks despite the troubled UK lender struggling to find a buyer for its business.

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

Dominos Pizza in Turkey, Russia aims for $422 mln share market valuation

LONDON, June 15 (Reuters) - DP Eurasia, the Domino's Pizza franchise holder in Russia and Turkey, has set a price range of between 200 and 230 pence a share for its initial public offer on the London Stock Exchange, implying a market capitalisation of up to 331 million pounds ($422 million).

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

Indigo Partners to sell its 18.7 percent Wizz Air stake

DUBLIN, June 14 (Reuters) - Indigo Partners, the private equity firm managed by Bill Franke, the veteran U.S. low-cost airline investor, is selling its 18.7 percent stake in eastern European low-cost carrier Wizz Air, it said on Wednesday.

from Reuters: New Issues News http://ift.tt/2spf0x4

UPDATE 1-Allied Irish Banks float fully subscribed

LONDON, June 13 (Reuters) - Allied Irish Banks' stock market listing has been fully subscribed, including the greenshoe option, its bookrunner said on Tuesday, in a sign of investor demand for what is set to be one of Europe's biggest bank flotations since the 2008 financial crisis.

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

Allied Irish Banks float fully subscribed - bookrunner

LONDON, June 13 (Reuters) - The book on Allied Irish Banks' initial public offering has been fully subscribed, including the greenshoe option, the bookrunner said on Tuesday.

from Reuters: New Issues News http://ift.tt/2s77JjE

UPDATE 1-Abu Dhabi's Dana Gas seeks restructuring of "unlawful" $700 mln sukuk

DUBAI, June 13 (Reuters) - Abu Dhabi's Dana Gas said it would propose restructuring $700 million of outstanding Islamic bonds on Tuesday to a committee of holders of the sukuk, which it said was not sharia-compliant.

from Reuters: New Issues News http://ift.tt/2sj0hnr

Allied Irish Banks plans to seek permission to pay dividend in 2018 -prospectus

LONDON, June 12 (Reuters) - Allied Irish Banks does not intend to pay an interim dividend in 2017 but expects to seek permission in 2018 for a final dividend for full-year 2017, the lender's initial public offering prospectus said on Monday.

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

UPDATE 1-IPO price range values Allied Irish Banks at up to 13.3 bln euros

DUBLIN, June 12 (Reuters) - Shares in Allied Irish Banks (AIB) will be priced at between 3.90 and 4.90 euros when a 25 percent stake is floated in Dublin and London, valuing the state-owned lender at up to 13.3 billion euros ($14.9 billion), Ireland's finance ministry said in a statement.

from Reuters: New Issues News http://ift.tt/2te1JEK

IPO price range values Allied Irish Banks at up to 13.3 bln euros

DUBLIN, June 12 (Reuters) - Shares in Allied Irish Banks (AIB) will be priced at between 3.90 and 4.90 euros when a 25 percent stake is floated in Dublin and London, valuing the state-owned lender at up to 13.3 billion euros ($14.9 billion), Ireland's finance ministry said in a statement.

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

Ocado prepares first bond delivery

LONDON, June 12 (IFR) - Ocado Group is planning to sell a debut bond to fund its UK retail capacity and improvements to its proprietary platform.

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

UK online supermarket Ocado to raise 350 mln pounds to support growth

LONDON, June 12 (Reuters) - Britain's Ocado plans to raise at least 350 million pounds ($446 million) from issuing bonds and making changes to its banking facilities, money that the online food retailer will use to expand capacity and develop software, it said on Monday.

from Reuters: New Issues News http://ift.tt/2s271UC

CEE MARKETS-Zloty eases ahead of CPI data, Poland leads bank stock slide

* Zloty eases, CPI figures may underpin central bank doves * Polish markets will be closed on Thursday * Warsaw bank stock index shed 2 pct, leading fall of CEE shares By Sandor Peto and Bartosz Chmielewski BUDAPEST/WARSAW, June 12 (Reuters) - Warsaw bank shares led Central European equities lower on Monday as they tracked losses in Western Europe and Asia following Friday's technology sell-off on Wall Street. Investors were also cautious before Wednesday's Federal Reser

from Reuters: New Issues News http://ift.tt/2r9wF8U

Ireland says AIB listing remains on track after UK election

DUBLIN, June 9 (Reuters) - Ireland's initial public offering of Allied Irish Banks (AIB) remains on track after neighbouring Britain's election and a price range will be issued in the next week or so, a spokesman for the finance ministry said on Friday.

from Reuters: New Issues News http://ift.tt/2sbqo0s

UPDATE 1-UK must not bend rules to allow Saudi Aramco IPO -Royal London

LONDON, June 8 (Reuters) - A change in UK listing rules for a potential initial public offering of oil company Saudi Aramco would be "highly inappropriate", fund manager Royal London said on Thursday, adding it would lobby against such a move.

from Reuters: New Issues News http://ift.tt/2sGj4H9

Fund manager Royal London says bending of UK listing rules for Saudi Aramco IPO "highly inappropriate"

LONDON, June 8 (Reuters) - A change in UK listing rules for a potential initial public offering of oil giant Saudi Aramco would be "highly inappropriate", fund manager Royal London said on Thursday, adding it would lobby strongly against such a move.

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

Online fashion company Boohoo.com raises sales forecast

June 7 (Reuters) - Online fashion retailer Boohoo.com Plc on Wednesday nudged its full-year sales forecast upwards after a doubling in first-quarter sales on the back of strong demand across all its businesses.

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

REFILE-Trafigura pledges to cut debt, reduce share buybacks

* Core leverage metrics to improve in the next quarters - CFO

from Reuters: New Issues News http://ift.tt/2sSxwv1

Italy - Factors to watch on June 7

The following factors could affect Italian markets on Wednesday.

from Reuters: New Issues News http://ift.tt/2sRAK1L

CEE MARKETS-Stocks mostly retreat despite Waberer's IPO, bonds firm

* Political uncertainty fuels profit taking in CEE stock markets * Hungarian haulage firm Waberer's announces rare IPO * Bonds firms slightly, Polish central bank seen holding fire By Sandor Peto BUDAPEST, June 6 (Reuters) - Central European stocks fell on Tuesday despite a rare initial public offering (IPO) announced in Budapest, ahead of elections in Britain and France and as some Arab states severed ties with Qatar. Political uncertainty weighed on stock markets globa

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

UPDATE 2-Germany's Delivery Hero lines up latest online takeaway IPO

* IPO seen as a boost for Rocket Internet (Adds comments from CEO, background)

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

UPDATE 1-RBS braces for trial over 2008 share sale case

LONDON, June 5 (Reuters) - Royal Bank of Scotland is set to face a trial it had hoped to avert over its 2008 share sale, as the last group of holdout investors in the case secured the funds they need to proceed to trial, a source involved in the claim said on Monday.

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

RBS claimants face dash for funding as bank refuses to up settlement

LONDON, June 5 (Reuters) - Royal Bank of Scotland is refusing to raise its offer to shareholders still suing the bank over its 2008 share sale, sources with knowledge of the matter said, leaving the claimants in a race to raise 3 million pounds ($3.9 million) to proceed with the case.

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

UPDATE 1-Delivery group DX secures backing for revised Menzies deal

June 5 (Reuters) - UK mail delivery company DX Group agreed to acquire John Menzies' distribution arm through a reverse takeover on Monday, securing backing from its largest investors after terms of the deal were revised.

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

UPDATE 1-Societe Generale launches IPO for car leasing arm ALD Automotive

PARIS, June 5 (Reuters) - Societe Generale will sell up to 23 percent of its car leasing arm ALD Automotive in an initial public offering (IPO) this month, the French bank said on Monday, potentially raising as much as 1.6 billion euros ($1.8 billion).

from Reuters: New Issues News http://ift.tt/2qS6xmz

Russian tycoon Deripaska says En+ wants $1.5 bln from possible IPO

MOSCOW, June 2 (Reuters) - En+ Group, which manages Russian tycoon Oleg Deripaska's aluminium and hydro power businesses, wants to raise about $1.5 billion from a possible initial public offering (IPO) in London, Deripaska said on Friday.

from Reuters: New Issues News http://ift.tt/2s2ihD1

HSBC Holdings markets Singapore dollar AT1 bonds at 5% area

SINGAPORE, June 1 (IFR) - HSBC Holdings is marketing its first Singapore dollar Additional Tier 1 issue with yield guidance in the 5 percent area.

from Reuters: New Issues News http://ift.tt/2rm6ix6

UPDATE 1-RBS in settlement talks with holdouts in rights issue case

* Settlement would spare RBS long, costly trial (Adds detail, background)

from Reuters: New Issues News http://ift.tt/2se4lCZ

RBS in fresh settlement talks with holdouts in rights issue case

LONDON, May 31 (Reuters) - Royal Bank of Scotland Group is in fresh talks with the last remaining claimants in a lawsuit over its 2008 fundraising, two sources with knowledge of the matter said on Wednesday.

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

UPDATE 1-Ireland's AIB sees "very significant" investor IPO appetite

* AIB CEO not worried about potential impact of UK election (Adds CEO quotes, details, link to Reuters Breakingviews column)

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

UPDATE 1-Ireland launches long-awaited AIB IPO in fresh milestone

* Finance Minister says market conditions right for sale (Adds details, further fin min quotes)

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

Ireland to decide on AIB IPO in the next 48 hours - PM

DUBLIN, May 30 (Reuters) - Irish Finance Minister Michael Noonan informed cabinet on Tuesday that he expects to make a decision in the next 48 hours on whether to launch an initial public offering of Allied Irish Bank, Prime Minister Enda Kenny said.

from Reuters: New Issues News http://ift.tt/2rgtmO2

UPDATE 2-Alfa Financial Software's shares rise sharply in London debut

LONDON, May 26 (Reuters) - Shares in Alfa Financial , which provides software for the asset finance industry, rose sharply on their London Stock Exchange debut on Friday, making the listing London's biggest this year by market capitalisation.

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

UPDATE 1-Epiris to keep focus on UK assets after Electra split

LONDON, May 25 (Reuters) - Electra's departing fund manager will pursue an investment strategy which focuses on assets in Britain when it splits from the listed private equity fund next month.

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

Epiris to keep focus on UK assets after Electra split

LONDON, May 25 (Reuters) - Electra's departing management team will pursue an investment strategy which focuses on assets in Britain when it splits from the listed private equity fund next month.

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

CORRECTED-BRIEF-Etalon Group guidance price at $3.58 per GDR -source

* Closes book for a placement of global depositary receipts (GDRs) - financial market source;

from Reuters: New Issues News http://ift.tt/2rVcL19

BRIEF-Etalon Group guidance price at 3.58 rbls per GDR -source

* Closes book for a placement of global depositary receipts (GDRs) - financial market source;

from Reuters: New Issues News http://ift.tt/2qkH0NO

HelloFresh to be ready for autumn flotation - sources

FRANKFURT, May 24 (Reuters) - German meal kit company HelloFresh is preparing for a stock market flotation, which could come as early as autumn, but will only be launched if the pre-summer listing of peer Delivery Hero proves a success, people close to the matter said.

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

UPDATE 3-Delivery Hero set to list before summer break - sources

* Initial public offering (IPO) before summer break - sources

from Reuters: New Issues News http://ift.tt/2rMmQy6

UPDATE 1-Trial over RBS 2008 cash call adjourned for settlement talks

* Bank has already settled with 4 of 5 claimant groups (Updates with decision)

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

EQT leads bidding for stake in prosthetics maker Ottobock - sources

FRANKFURT, May 23 (Reuters) - Buyout group EQT has emerged as the leading bidder for a stake in Germany's Ottobock, the world's largest maker of artificial limbs, as talks with rival investor CVC continue, people familiar with the matter said.

from Reuters: New Issues News http://ift.tt/2q6bZSJ

Trial over RBS 2008 cash call faces further delay amid settlement talks

LONDON, May 23 (Reuters) - A trial in which Royal Bank of Scotland is accused by investors of misleading them over its 2008 fundraising is set to be delayed for a second day, as frantic settlement talks between the claimants and the bank continued in London on Tuesday.

from Reuters: New Issues News http://ift.tt/2rNJ8io

UPDATE 1-RBS tries for last-minute settlement before investor court case -sources

LONDON, May 22 (Reuters) - Royal Bank of Scotland (RBS) has tried to reach a last-minute settlement with a group of investors who allege that the lender misled them over a 2008 capital increase, according to two people close to the matter.

from Reuters: New Issues News http://ift.tt/2q1nR8p

RBS tries for last-minute settlement before investor court case -sources

LONDON, May 22 (Reuters) - Royal Bank of Scotland (RBS) has tried to reach a last-minute settlement with a group of investors who allege that the lender misled them over a 2008 capital increase, according to two people familiar with the matter.

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

Greenpeace files state aid complaint with EU over EDF recapitalisation

PARIS, May 17 (Reuters) - Greenpeace is filing a complaint with the European Commission arguing that the French government's recapitalisation of state-controlled EDF amounts to illegal state aid for the utility's plan to build nuclear plants in Hinkley Point, Britain.

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

Old Mutual sells a further 15 pct of U.S. fund arm

LONDON, May 16 (Reuters) - Anglo-South African financial services firm Old Mutual is selling 17 million shares in U.S. fund firm Old Mutual Asset Management (OMAM), it said on Tuesday, cutting its minority stake in the firm by a further 15 percent.

from Reuters: New Issues News http://ift.tt/2rbblD2

BRIEF-Euskaltel to buy Telecable from Zegona for 686 mln euros

* TO ACQUIRE CONTROL OF TELECABLE DE ASTURIAS SAU THROUGH THE PURCHASE OF 100 PERCENT OF THE SHARE CAPITAL OF PARSELAYA SLU FROM ZEGONA LIMITED

from Reuters: New Issues News http://ift.tt/2pELCD0

BRIEF-Basler Kantonalbank says price range for placement of participation certificates at CHF 66-72 apiece

* PRICE RANGE FOR PLACEMENT OF PARTICIPATION CERTIFICATES AT CHF 66-72 APIECE Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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

UPDATE 2-Turkish jeans retailer Mavi to list on Istanbul bourse

LONDON/ISTANBUL, May 15 (Reuters) - Turkish clothing retailer Mavi Giyim plans to list on Istanbul's stock exchange, the company said on Monday, in what will be a test for the exchange 10 months after a coup attempt shook investor confidence in the region.

from Reuters: New Issues News http://ift.tt/2pOI64f

Italian packaging firm Guala Closures picks banks for either sale or IPO -sources

MILAN/FRANKFURT, May 12 (Reuters) - Private-equity held Italian packaging firm Guala Closures is moving ahead with plans for a sale or a stock market listing that may value the company at more than 1 billion euros ($1.1 billion), sources close to the matter said.

from Reuters: New Issues News http://ift.tt/2r0V4kd

UPDATE 1-United Internet buys Drillisch to stir up German telecoms market

* United Internet up 11.6 pct, Drillisch up 8.7 pct (Adds analyst comment, shares)

from Reuters: New Issues News http://ift.tt/2q8gn2a

United Internet to buy Drillisch through shares and cash

FRANKFURT, May 12 (Reuters) - German internet service provider United Internet plans to acquire a majority stake in mobile operator Drillisch in a step-by-step stock and cash transaction to create a stronger challenger in the German telecoms market.

from Reuters: New Issues News http://ift.tt/2r8ccBr

Bank of Georgia hires JP Morgan, Renaissance Capital for Eurobond roadshow

TBILISI, May 11 (Reuters) - Bank of Georgia said on Thursday it had mandated JP Morgan and Renaissance Capital to arrange investor meetings ahead of a potential lari-denominated Eurobond issue.

from Reuters: New Issues News http://ift.tt/2qY7Wrf

PRESS DIGEST- British Business - May 11

May 11 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

from Reuters: New Issues News http://ift.tt/2plEc7y

British investors wary of Aramco as London courts listing

LONDON, May 10 (Reuters) - While Britain's stock exchange pulls out all the stops to woo Saudi Aramco, some leading British fund managers who would be among potential investors have expressed reservations about the oil titan's corporate governance and valuation.

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

Linde CEO sees new company after Praxair merger based in Ireland

MUNICH, May 10 (Reuters) - The new company formed from the planned $70 billion merger of Linde and Praxair will likely be based in Ireland with a tax domicile in Britain, its chief executive told shareholders on Wednesday.

from Reuters: New Issues News http://ift.tt/2q2C8Qx

UPDATE 1-Tanzania's Magufuli pushes for listing of mining firms

DAR ES SALAAM, May 10 (Reuters) - Tanzania will enforce a new rule requiring mining companies to list on its bourse by August, President John Magufuli said, as part of measures aimed at increasing transparency and spreading wealth from the country's natural resources.

from Reuters: New Issues News http://ift.tt/2qSw9iC

Tanzania's Magufuli pushes for listing of mining firms

DAR ES SALAAM, May 10 (Reuters) - Tanzania's president John Magufuli said his government will enforce a new rule requiring mining firms to list on its bourse by August as part of measures aimed at increasing transparency and spreading wealth from the country's natural resources.

from Reuters: New Issues News http://ift.tt/2qYRP9e

Market conditions encouraging for Allied Irish IPO -minister

DUBLIN, May 9 (Reuters) - Ireland's finance minister will decide in the coming weeks whether to press ahead with a long-awaited initial public offering (IPO) of state-owned Allied Irish Banks (AIB), he said on Tuesday, adding that market conditions are encouraging.

from Reuters: New Issues News http://ift.tt/2phrAy9

UPDATE 1-Alfa Financial Software plans to list in London in June

* Listing announced amid slowdown in IPOs of UK-based firms (Adds context, background)

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

Travelex bond trades down after troubled sale

LONDON, May 8 (IFR) - Travelex's new issue traded down to a new low on Monday, following a troubled sale that saw the company tweak the deal's price, call features and covenant package to keep investors on board.

from Reuters: New Issues News http://ift.tt/2pr3i0N

ADB agrees to lend $500 mln to Azeri gas project

BAKU, May 7 (Reuters) - The Asian Development Bank (ADB) has agreed to provide a $500 million loan to Azerbaijan's Shah Deniz 2 project, the Azeri finance ministry said on Sunday.

from Reuters: New Issues News http://ift.tt/2qdu5l5

UPDATE 1-Bank of England sets out bailout bond requirements for UK banks

LONDON, May 5 (Reuters) - The Bank of England on Friday made public for the first time how many special loss-absorbing bonds British-based banks must issue to prevent taxpayers having to pay for bank bailouts in the future.

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

BRIEF-Russia's Metalloinvest says agrees to borrow at least $1.05 bln

May 5 (Reuters) - Russian metals producer Metalloinvest says:

from Reuters: New Issues News http://ift.tt/2pg9OaL

BRIEF-IAG to propose 8.9 pct share capital reduction

May 4 (Reuters) - International Consolidated Airlines Group SA:

from Reuters: New Issues News http://ift.tt/2qDDKP3

UK banks set for MREL guidance from regulator

LONDON, May 4 (IFR) - The Bank of England will soon publish final guidance for how much loss-absorbing debt Britain's major banks will each need to hold, as part of plans to better protect savers and taxpayers.

from Reuters: New Issues News http://ift.tt/2pC1Hrm

HSBC posts strong Q1, scales back expected TLAC issuance

LONDON, May 4 (IFR) - HSBC expects to issue less loss-absorbing debt than it forecast this year and sees overall issuance at the low end of previous guidance, helped by new guidance from the UK regulator on what is required.

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

BRIEF-Impact Healthcare completes acquisitions and presses ahead with IPO plans

* Has completed acquisition of core seed portfolio and Mulberry portfolio for a total consideration of £148,754,000

from Reuters: New Issues News http://ift.tt/2pb2X1Z

Olayan family plans to list its Saudi business - sources

RIYADH, May 3 (Reuters) - The Olayan family, which controls one of Saudi Arabia's largest conglomerates, is considering listing at least 30 percent of its Saudi business in a sale that could value the company at several billion dollars, banking sources say.

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

Kuwait Energy seeks premium listing on LSE

LONDON, May 3 (Reuters) - Oil and gas firm Kuwait Energy said on Wednesday it is seeking a premium listing on the London Stock Exchange in a bid to fund growth across the Middle East and North Africa.

from Reuters: New Issues News http://ift.tt/2p7bOlw

Saudi British Bank could issue dollar bond this month - sources

RIYADH, May 2 (Reuters) - HSBC-controlled Saudi British Bank (SABB) is in discussions with lenders over a U.S. dollar-denominated bond issue that could come as early as this month, banking sources familiar with the matter said on Tuesday.

from Reuters: New Issues News http://ift.tt/2oU7FFi

CORRECTED (OFFICIAL)-UPDATE 1-Pret A Manger seeks more British baristas to balance Brexit risk

LONDON, April 28 (Reuters) - Coffee and sandwich chain Pret A Manger wants to increase the number of Britons working in its UK shops to cushion it from potential damage if European Union workers stay away after Brexit, its boss said on Thursday.

from Reuters: New Issues News http://ift.tt/2qeG1mn

Booming sterling market shakes off central bank exit

LONDON, April 28 (IFR) - Local and international companies were out in force in the sterling market, helping the sector continue its impressive run this quarter despite the Bank of England pulling the plug on its bond buying programme.

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

AIB CEO says markets in a good place for an IPO

DUBLIN, April 27 (Reuters) - Equity markets are in a good place for Allied Irish Banks to launch an initial public offering, Chief Executive Bernard Byrne said on Thursday.

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

UPDATE 1-Pret A Manger seeks more British baristas to balance Brexit risk

* Targets 500 stores by end of 2017 (Recasts with CEO comments, detail)

from Reuters: New Issues News http://ift.tt/2qbd3Uz

UPDATE 1-Allied Irish boosts margins and capital ahead of potential IPO

* Government issues warrant to allow it profit from upside (Adds chairman's comments on IPO, government 10-year warrant)

from Reuters: New Issues News http://ift.tt/2oOXr5a

UPDATE 1-Apax, shareholders to list Brazil's Tivit as IPO list grows

SAO PAULO, April 25 (Reuters) - British buyout firm Apax Partners LLP and a number of Brazilian investors plan to list information technology services provider Tivit Terceirização de Processos, Serviços e Tecnologia SA on the São Paulo Stock Exchange, adding to the longest list of domestic initial public offerings in four years.

from Reuters: New Issues News http://ift.tt/2q44Lxs

Irish Fin Min says UK election won't affect AIB IPO timing

DUBLIN, April 24 (Reuters) - The British election on June 8 will not impact the timing of Irish government plans to launch an initial public offering (IPO) of shares in state-owned Allied Irish Banks, Ireland's Finance Minister said on Monday.

from Reuters: New Issues News http://ift.tt/2oE8EFo

Britain draws line under Lloyds rescue with $26 bln recovery

LONDON, April 21 (Reuters) - Taxpayers have recouped all of the 20.3 billion pounds ($26 billion) invested in the bailout of Lloyds Banking Group during the 2008 financial crisis, British finance minister Philip Hammond said on Friday.

from Reuters: New Issues News http://ift.tt/2oS2sfx

BRIEF-Russian Railways plans to issue perpetual bonds for RUB 10-15 bln by end of 2017

* Plans to issue its first perpetual bonds in roubles for 10-15 billion roubles ($178-$266.4 million) by end of 2017, senior vice president Vadim Mikhaylov said

from Reuters: New Issues News http://ift.tt/2ot4K25

Vodacom Tanzania extends IPO deadline to woo more local investors

DAR ES SALAAM, April 19 (Reuters) - Vodacom Tanzania Plc, a subsidiary of South Africa's Vodacom Group, has extended the offer period for its initial public offering by three weeks to give local investors more time to take part in the share sale, an official from the market regulator said on Wednesday.

from Reuters: New Issues News http://ift.tt/2oKWYU1

UPDATE 1-Santander issues 750 mln euros in perpetual bonds

MADRID, April 18 (Reuters) - Spain's Santander said on Tuesday it had raised 750 million euros by selling perpetual bonds which are convertible into ordinary shares if the bank's capital cushion slips below a certain level.

from Reuters: New Issues News http://ift.tt/2pwTlC8

CORRECTED-Santander to issue up to 2 bln euros in perpetual bonds

MADRID, April 18 (Reuters) - Spain's Santander said on Tuesday it planned to issue perpetual bonds, convertible into ordinary shares, with a nominal value of up to 2 billion euros ($2.1 billion).

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

Santander to issue up to 2 bln euros in preference shares

MADRID, April 18 (Reuters) - Spain's Santander said on Tuesday it planned to issue preference shares convertible into ordinary shares with a nominal value of up to 2 billion euros ($2.1 billion).

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

UPDATE 1-HSBC predicts 100 Saudi Arabian listings in privatisation drive

DUBAI, April 17 (Reuters) - Saudi Arabia's privatisation drive is likely to result in around 100 new stock market listings in sectors including mining, healthcare and retail, a top HSBC executive said on Monday.

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

Italian packaging firm Guala Closures preps IPO, sale -sources

FRANKFURT, April 13 (Reuters) - Private-equity held Italian packaging firm Guala Closures is preparing a stock market listing or sale that may value the company at more than 1 billion euros ($1.06 billion) including debt, sources close to the matter said.

from Reuters: New Issues News http://ift.tt/2ovME2c

BRIEF-Market Track acquires Retail Properties Of America and 360pi

* Market Track expands eCommerce offerings with acquisition of Retail Price and product intelligence company 360pi

from Reuters: New Issues News http://ift.tt/2ozc9jp

Linde rejects request to vote on Praxair merger at AGM

FRANKFURT, April 11 (Reuters) - Germany's Linde has for a second time rejected a request for a shareholder vote at its annual general meeting next month on its planned $65 billion merger with U.S. industrial gases rival Praxair.

from Reuters: New Issues News http://ift.tt/2nA1kyj

Allied Irish IPO in coming weeks not yet inevitable - minister

DUBLIN, April 10 (Reuters) - It is not yet inevitable that Ireland will launch an initial public offering of state-owned Allied Irish Banks in the coming weeks and the government will have to decide by the middle of May, finance minister Michael Noonan said on Monday.

from Reuters: New Issues News http://ift.tt/2opL9mn

UPDATE 2-Stada backs improved 5.3 bln euro bid from Bain, Cinven

* Shares jump 11 percent, bid exceeds expectations (Adds details on bidding process, buyers' plans, Stada's business)

from Reuters: New Issues News http://ift.tt/2oisk2n

UPDATE 2-Top investors help Deutsche Bank wrap up $8.5 bln capital hike

* Shares 0.38 pct lower at 15.62 euros at 1114 GMT (Adds background on Deutsche Bank strategy)

from Reuters: New Issues News http://ift.tt/2p8O5km

BRIEF-Russia's MD Medical shareholders to vote on possible issue of up to 8.4 mln shares

* Says that its shareholders on April 28 will vote on the issue of up to 8.4 million ordinary shares of US$0.08 each

from Reuters: New Issues News http://ift.tt/2o0Q3Ef

UPDATE 1-London Stock Exchange CEO accompanying British PM May in Saudi Arabia

LONDON/DUBAI, April 4 (Reuters) - London Stock Exchange's CEO Xavier Rolet is due to meet Saudi officials in Riyadh as part of a visit by British Prime Minister Theresa May, a spokeswoman for the exchange said on Tuesday.

from Reuters: New Issues News http://ift.tt/2o5C95O