Investors think possible John Laing Infrastructure bid too low-source

Investors owning around 10 percent of John Laing Infrastructure Fund think a possible cash buyout offer valuing the company at 1.41 billion pounds ($1.85 billion) is too low, according to a source familiar with the matter.

from Reuters: New Issues News https://ift.tt/2NVsVTi

No more cash calls for Metro Bank after raising 303 mln stg -CEO

Metro Bank has ruled out additional cash calls to support its growth ambitions in the medium term, its chief executive told Reuters, a day after the British lender raised 303 million pounds ($398.41 million) in its second major share sale in as many years.

from Reuters: New Issues News https://ift.tt/2JSJTzh

RPT-UPDATE 1-British lender Metro Bank to raise about 300 mln stg, reports higher H1 profit

British lender Metro Bank said on Tuesday it would raise about 300 million pounds ($394 million) through a share placing and reported higher first-half underlying pretax profit, setting it on track for its second full year of profitability.

from Reuters: New Issues News https://ift.tt/2v1dJMI

UPDATE 1-British lender Metro Bank to raise about 300 mln stg, reports higher H1 profit

British lender Metro Bank said on Tuesday it would raise about 300 million pounds ($394 million) through a share placing and reported higher first-half underlying pretax profit, setting it on track for its second full year of profitability.

from Reuters: New Issues News https://ift.tt/2OhjSwK

RBS hires HSBC's Fletcher as new chief risk officer

Royal Bank of Scotland has hired Bruce Fletcher as its new group chief risk officer, the lender said on Friday.

from Reuters: New Issues News https://ift.tt/2Nve3uE

Oman’s Sohar Aluminium to meet banks to discuss financing -sources

Oman's Sohar Aluminium will meet banks this week in London to discuss potential financing options, four sources familiar with the matter said.

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UPDATE 2-Russia's Megafon to delist from London, offers buyout

* To focus on broader cooperation with state firms (Adds details, background, writes through)

from Reuters: New Issues News https://ift.tt/2LaOwJE

UPDATE 1-Megafon to delist from London after buying shares from minority holders

Megafon, Russia's No.2 mobile phone operator, said on Monday it intends to begin the process of cancelling its global depositary receipts (GDRs) listing in London shortly after completion of a tender offer.

from Reuters: New Issues News https://ift.tt/2NT4cjl

Megafon to delist from London after buying shares from minority holders

Megafon, Russia's No.2 mobile phone operator, said on Monday it intends to begin the process of cancelling its Global Depositary Receipts (GDRs) listing in London shortly after completion of a tender offer announced also on Monday.

from Reuters: New Issues News https://ift.tt/2uCGajJ

UPDATE 1-Education company GEMS shelves multibillion dollar London IPO - sources

The initial public offering (IPO) of Blackstone-backed, Middle East-focused education company GEMS has been shelved, three sources familiar with the matter said.

from Reuters: New Issues News https://ift.tt/2KYH8Rr

Education company GEMS shelves multibillion dollar London IPO - sources

The initial public offering (IPO) of Blackstone-backed, Middle East-focussed education company GEMS has been shelved, three sources familiar with the matter said.

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UK gets orders of more than 20.5 bln stg at sale of new 2041 linker

Britain received orders worth more than 20.5 billion pounds ($27.15 billion) at a sale via syndication of a new index-linked gilt, with the deal size eventually fixed at 3.5 billion pounds, a bookrunner said on Wednesday.

from Reuters: New Issues News https://ift.tt/2m8zx4X

Books open on sale of new 2041 index-linked gilt - bookrunner

Books opened on the sale via syndication of a new 0.125 percent index-linked British government bond due in 2041, a bookrunner on the deal said on Wednesday.

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UPDATE 1-EBA to rule on capital treatment of UniCredit 'CASHES'

* EBA cannot give timeframe for ruling (Adds quote, background, bullets)

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UPDATE 1-Ireland should sell bank shares sooner, not later - debt agency

* Debt agency eyes debut green bond issue in next 12 months (Adds details, quotes)

from Reuters: New Issues News https://ift.tt/2ugfLrH

Ireland should sell bank shares sooner, not later - debt agency

Ireland's government should reduce its exposure to stock markets sooner rather than later by selling more bank shares and use the proceeds to cut the state's debts, the head of the country's debt agency said on Monday.

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UPDATE 1-Germany's Axel Springer raises stake in Britain's Purplebricks

German publisher Axel Springer has raised its holding in British online estate agent Purplebricks Group to 12.5 percent and does not rule out a further increase.

from Reuters: New Issues News https://ift.tt/2u598ta

RPT-UK's Mothercare to raise 32.5 mln stg in equity issue

Struggling British mother and baby products retailer Mothercare said on Monday it planned to raise 32.5 million pounds ($43.2 million) through issuing new equity to existing shareholders as part of a survival plan.

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RPT-UPDATE 2-Rolls-Royce to sell commercial marine business for $661 mln

* Sells oil and gas equipment making unit to Norway's Kongsberg

from Reuters: New Issues News https://ift.tt/2MUvHaZ

UPDATE 2-Rolls-Royce to sell commercial marine business for $661 mln

* Sells oil and gas equipment making unit to Norway's Kongsberg

from Reuters: New Issues News https://ift.tt/2KUbKAg

Africa's Ecobank plans dollar bond after investor meetings

Ecobank has mandated international lenders to arrange investor meetings in Britain and the United States, after which it plans to issue a five-year dollar-denominated bond, the African bank said on Monday.

from Reuters: New Issues News https://ift.tt/2KyuqJX

Sub-prime lender Amigo valued at 1.3 bln pounds in London IPO

British sub-prime lender Amigo Holdings listed on the London stock market on Friday in a flotation that valued the business at 1.3 billion pounds ($1.7 billion) and raised almost 330 million pounds for its founder and other managers.

from Reuters: New Issues News https://ift.tt/2MTG3Ym

Africa's Ecobank plans dollar bond after investor meetings

LAGOS, July 2 (Reuters) - Ecobank has mandated international lenders to arrange investor meetings in Britain and the United States, after which it plans to issue a five-year dollar-denominated bond, the African bank said on Monday.

from Reuters: New Issues News https://ift.tt/2tZzjQW