RPT-Euro bond traders, platforms trigger "Plan B" for no-deal Brexit

London-based bond trading platforms and investment banks running European governments' debt sales are accelerating plans to move business across the Channel, fearing a no-deal Brexit will leave them unable to serve continental clients.

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UPDATE 5-Faroe Petroleum scorns $781 mln DNO bid as 'inadequate'

* Faroe shares close over 26 pct (Adds rejection from Faroe, comments and updates shares)

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

Euro bond traders, platforms trigger "Plan B" for no-deal Brexit

London-based bond trading platforms and investment banks running European governments' debt sales are accelerating plans to move business across the Channel, fearing a no-deal Brexit will leave them unable to serve continental clients.

from Reuters: New Issues News https://ift.tt/2r4GZAj

UPDATE 4-Faroe Petroleum shares soar after DNO makes hostile bid

Norway's DNO has launched a hostile bid to buy all of Faroe Petroleum in a deal valuing the London-listed company at around 608 million pounds ($781 million), sending Faroe shares up by a quarter.

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UPDATE 3-DNO launches hostile bid for Faroe Petroleum, shares soar

Norway's DNO has launched a bid to buy all of Faroe Petroleum in a deal worth around 607.9 million pounds ($779.81 million), sending shares in the London-listed company up by a quarter.

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UPDATE 1-DNO cash takeover offer values Faroe Petroleum at $780 mln

* Faroe CEO has said would prefer to stay independent (Adds detail, background)

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DNO offers to buy Faroe Petroleum for $780 mln in cash

Norway's DNO has offered to buy Faroe Petroleum for 152 pence per share in cash, valuing the London-listed company at 607.9 million pounds ($779.81 million), DNO, which already owns just over 28 percent of Faroe, said on Monday.

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CORRECTED-UAE's Finablr hires banks for IPO, listing in London – sources

United Arab Emirates-based payments and foreign exchange company Finablr has hired JP Morgan and Barclays as global coordinators for its listing in the first half of 2019 on the London Stock Exchange, three sources told Reuters.

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UAE's Finablr hires banks for IPO, listing in London – sources

United Arab Emirates-based payments and foreign exchange company Finablr has hired JP Morgan and Barclays as global coordinators for its listing in the first half of 2019 on the London Stock Exchange, three sources told Reuters.

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TREASURIES-Yields fall as tumbling stocks prompt safety buying

U.S. Treasury yields fell to six-week lows on Monday as stocks fell, boosting demand for low-risk U.S. government debt. Major stock indexes slid 2 percent as a slump in Apple shares bat

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Barclays not liable to buyers of U.S. IPO before 2008 crisis -appeals court

Barclays Plc is not liable to investors who bought its U.S.-listed stock a few months before the 2008 financial crisis and accused the British bank of hiding its risky debt exposure and a capital shortfall, a U.S. court ruled on Monday.

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UPDATE 1-Struggling Fastjet plans to raise at least $40 mln

Low-cost African airline Fastjet , which said in September it needed more cash within a month to continue operating, announced a fundraising and equity refinancing aimed at increasing its equity base by at least $40 million.

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Struggling Fastjet plans to raise at least $40 mln

Fastjet said it plans fundraising and equity refinancing to increase its equity base by at least $40 million, days after it said discussions with shareholders and creditors were continuing.

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UPDATE 2-Private equity group 3i's Action defers store openings

Private equity group 3i's biggest investment, discount retailer Action, is delaying 20 store openings to early 2019 to manage peak December demand in France.

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UPDATE 1-Private equity group 3i's Action defers store openings

Private equity group 3i's biggest investment, discount retailer Action, is delaying 20 store openings to early 2019 to manage peak December demand at its French store network.

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CORRECTED-Buyout firm 3i says H1 total returns up 11 pct

Private equity firm 3i on Thursday posted a total return of 728 million pounds ($947.56 million) over the first half, up 11 percent from the same period of 2017, boosted by gains on some of its larger investments.

from Reuters: New Issues News https://ift.tt/2RW1tH3

Buyout firm 3i says H1 total returns up 11 pct

Private equity firm 3i on Thursday posted a total return of 728 million pounds ($947.56 million) over the first half, up 11 percent from end-March, boosted by gains on some of its larger investments.

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UPDATE 2-Nigeria raises $2.86 bln in Eurobonds to fund deficit

* Fitch revised outlook prior to issue (Adds government statement, breakdown of amounts, paragraphs 6-7)

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UPDATE 1-UAE's NMC Healthcare seeks to raise $400 mln with debut sukuk

United Arab Emirates' healthcare provider NMC Healthcare has set the size of its first international sukuk issue at $400 million, a document issued by one of the banks leading the deal showed.

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UAE's NMC Healthcare targets up to $350 mln with debut sukuk

United Arab Emirates' healthcare provider NMC Healthcare plans to raise between $300 million and $350 million with its first international sukuk sale, a document issued by one of the banks leading the deal showed.

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Russia's Gazprom hedges currency risk with novel Eurobond clause

Gazprom has moved to protect itself against the impact of any new U.S. sanctions or other risks beyond its control by reserving the right to pay back a 1 billion euro ($1.13 billion)Eurobond in other currencies, a first for a Russian borrower.

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Walmart, Home Depot adopt health insurer tactic in drug copay battle

Walmart and Home Depot , two of the top 10 U.S. employers, have embraced a health insurance strategy that punishes drugmakers for using discount cards to keep patients from switching or stopping their medications.

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UPDATE 1-Nigeria plans London roadshow ahead of $2.8 bln Eurobond sale -sources

Nigerian officials will go on a roadshow to London next week ahead of a planned $2.8 billion Eurobond sale this month, two banking sources told Reuters on Thursday.

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RPT-Luxury group to test demand for high-yield Italian debt

Italian high-end lighting and furniture company International Design Group (IDG) is poised to launch the first test of investor appetite for high-yield debt from the country since Italy's budget was thrown out by the European Union.

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Luxury group to test demand for high-yield Italian debt

Italian high-end lighting and furniture company International Design Group (IDG) is poised to launch the first test of investor appetite for high-yield debt from the country since Italy's budget was thrown out by the European Union.

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UPDATE 2-UAE’s NMC Health prepares dollar sukuk

United Arab Emirates' healthcare provider NMC Health plans to issue U.S. dollar-denominated sukuk, or Islamic bonds, a document issued by one of the banks leading the deal showed on Wednesday, confirming what sources told Reuters earlier.

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UPDATE 1-UAE’s NMC Health prepares dollar bond issue - sources

United Arab Emirates' healthcare provider NMC Health plans to issue a U.S. dollar denominated bond, sources familiar with the matter said.

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UAE’s NMC Health prepares dollar bond issue - sources

United Arab Emirates' healthcare provider NMC Health plans to issue a U.S. dollar denominated bond, sources familiar with the matter said.

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UPDATE 3-Backlash over $100 mln bonus claims boss of UK builder Persimmon

* Firm has been heavily criticised over Fairburn's bonus (Adds details, quotes, comparative figures)

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UPDATE 2-Boss of UK builder Persimmon to step down after bonus backlash

* Firm has been heavily criticised over Fairburn's bonus (Adds details, context, background)

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ABC Holdings selling 24.9 pct stake in lender BancABC Botswana

Pan-African financial services provider ABC Holdings, a unit of Atlas Mara, is selling 24.9 percent of its Botswana subsidiary to raise 360 million pula ($34 million) for upgrading its banking infrastructure, BancABC Botswana said on Tuesday.

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Swedish buyout firm EQT plans IPO, asks banks to pitch -sources

EQT's owners have invited investment banks to pitch to take the Swedish private equity firm public following a strategic review, sources familiar with the matter told Reuters.

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Fred. Olsen Energy proposes to issue new equity in restructuring

Norwegian drillship and rig operator Fred. Olsen Energy, proposes to sell one of its drilling units and to issue $130-140 million in new equity to pay off debt, as part of a refinancing plan published on Tuesday.

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Russia's Megafon may lend unit $1.7 bln for possible share buyback

Russia's second-largest mobile phone operator, Megafon, said on Tuesday it could lend its subsidiary Megafon Finance up to 111.6 billion roubles ($1.69 billion) to fund a possible share buyback.

from Reuters: New Issues News https://ift.tt/2SPKV4z

UPDATE 1-Merian fund raises half intended capital in "challenging" London IPO

Merian Chrysalis Investment Company , a fund investing in mature but unlisted firms, said on Friday it had raised 100 million pounds ($130.11 million) via a listing on the London Stock Exchange - half the amount intended.

from Reuters: New Issues News https://ift.tt/2P0wfRY

London IPO of Merian fund raises half the intended capital

Merian Chrysalis Investment Company , a Merian Global Investors fund, said on Friday it had raised 100 million pounds ($130.11 million) via a listing on the London Stock Exchange - half the amount intended.

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UPDATE 1-Baker Aryzta wins shareholder approval for capital increase

* Shareholder Cobas says considering "additional measures" (Adds detail, Chairman and shareholder comment)

from Reuters: New Issues News https://ift.tt/2Qbb9wZ

Aryzta shareholders narrowly approve capital increase

Aryzta will go ahead with an 790 million euro ($898 million) capital hike after its shareholders on Thursday narrowly approved a plan to raise more dough for the Swiss-Irish bakery company.

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