UPDATE 2-China's SDIC adds to Europe's IPO market woes by pulling London listing

* But SDIC could return 'relatively quickly', says source (Updates data on London IPOs, adds bookrunners)

from Reuters: New Issues News https://ift.tt/34PoUJ3

UPDATE 2-Deutsche Bahn aims to launch delayed Arriva IPO next year

* Talks on Arriva sale have failed (Adds sources on book value, board meeting)

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

Deutsche Bahn must fetch Arriva's book value in listing - sources

Germany's national railway operator, Deutsche Bahn, must fetch the book value of its international transit subsidiary Arriva in the event of an initial public offering of the unit, sources familiar with the situation told Reuters on Wednesday.

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

UPDATE 1-Deutsche Bahn planning stock market listing for Arriva next year

German state-owned railway operator Deutsche Bahn aims for an initial public offering (IPO) of its international transport unit Arriva next year, dpa news agency reported on Wednesday, citing CEO Richard Lutz.

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

UPDATE 1-China's SDIC adds to Europe's IPO market woes by pulling London listing

* But SDIC could return 'relatively quickly', says source (Adds quotes, background)

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

UPDATE 2-Ocado launches $642 mln bond issue to fund robotic warehouse deals

* Shares down 5.2% at 0836 GMT reflecting convertible bond issue (Adds details, share price reaction)

from Reuters: New Issues News https://ift.tt/2qa2gMb

CORRECTED-UPDATE 1-Ocado launches $642 mln bond issue to fund robotic warehouse deals

British online grocer and technology company Ocado has launched a 500 million pounds ($642 million) bond issue, partly to fund its construction of robotic warehouses for overseas partners, it said on Monday.

from Reuters: New Issues News https://ift.tt/2Y4Xjki

UPDATE 1-Ocado launches $642 bond issue to fund robotic warehouse deals

British online grocer and technology company Ocado has launched a 500 million pounds($642 million) bond issue, partly to fund its construction of robotic warehouses for overseas partners, it said on Monday.

from Reuters: New Issues News https://ift.tt/33Gq4Ff

Africa-focused lender Bayport explores $800 mln London listing - sources

Bayport Management, an African consumer lending company, is considering a London listing in the first half of 2020 that could value it at around $800 million, three sources familiar with matter said.

from Reuters: New Issues News https://ift.tt/2Oyrw8r

UPDATE 1-France's EDF launches construction of Scottish windfarm

* Irish firm NSB to take 50% stake in windfarm (Adds detail and background)

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

UPDATE 1-China's SDIC Power seeks London listing to invest in clean energy

Chinese power generation group SDIC Power Holdings plans to offer global depositary receipts in London, it said on Tuesday, adding it will look to use the proceeds to invest further in clean energy and for global expansion.

from Reuters: New Issues News https://ift.tt/2qL917q

Swiss software group Avaloq hires banks for 2020 sale or IPO-sources

Private equity group Warburg Pincus is working with Goldman Sachs and Barclays on the planned 2020 sale or initial public offering of Swiss banking software company Avaloq, people close to the matter said.

from Reuters: New Issues News https://ift.tt/2s5XH6k

More than one strategic suitor for Thyssenkrupp elevator - CFO

Thyssenkrupp's elevator division has drawn indicative bids from more than one strategic suitor, its Chief Financial Officer Johannes Dietsch said on Thursday, not elaborating further.

from Reuters: New Issues News https://ift.tt/347Aoat

UPDATE 1-Aramco IPO banks face pared payday of $90 million or less - sources

* Relatively slim reward for what could be biggest IPO ever (Adds details)

from Reuters: New Issues News https://ift.tt/3408soI

UPDATE 2-Chinese power firm SDIC to press ahead with London listing

* China's Huatai only listing so far under new scheme (Adds details on capital raise, context)

from Reuters: New Issues News https://ift.tt/2pxl47X

Aramco IPO banks face pared payday of $90 million or less - sources

By Saeed Azhar, Hadeel Al Sayegh, Rania El Gamal and Clara Denina

from Reuters: New Issues News https://ift.tt/35fStD9

UPDATE 1-Saudi mall operator Arabian Centres sells $500 mln debut Islamic bonds

Saudi mall operator Arabian Centres is set to raise $500 million with a debut issuance of international Islamic bonds, or sukuk, a document by one of the banks leading the deal showed.

from Reuters: New Issues News https://ift.tt/2QuU8R8

UPDATE 1-Sweden's Recipharm agrees to buy Britain's Consort Medical for 505 mln pounds

Swedish pharmaceutical group Recipharm has agreed to buy British peer Consort Medical for 505 million pounds or 6.3 billion crowns ($649 million), the companies said on Monday.

from Reuters: New Issues News https://ift.tt/35b8gDm

UK debt office to publish updated 2019/20 financing remit

Britain's Debt Management Office said it would publish an adjustment to the size and composition of its gilt issuance plans for the 2019/20 financial year on Tuesday at 0730 GMT.

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

Saudi mall operator Arabian Centres hires banks for debut dollar bonds

Saudi Arabian mall operator Arabian Centres Company has hired banks to arrange a debut issuance of a dollar sukuk, or Islamic bonds, a document showed on Friday.

from Reuters: New Issues News https://ift.tt/34G6kSZ

UK names banks to run 2041 gilt syndication

The United Kingdom Debt Management Office named BNP Paribas, Deutsche Bank, HSBC and NatWest Markets as joint bookrunners for the syndication of an inflation linked government bond later this month, expected to raise several billion pounds.

from Reuters: New Issues News https://ift.tt/33tU08i

Glencore strikes deal with Katanga over $5.8 billion rights issue

Katanga Mining Limited, a big Congolese copper and cobalt producer, said on Thursday it would raise around $7.6 billion Canadian dollars ($5.8 billion) via a rights issue as part of a debt-for-equity swap with parent Glencore.

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

Malaysia's Petronas approached to take part in Saudi Aramco IPO

Malaysian state oil and gas company Petronas was recently approached by Saudi Aramco to participate in the Middle Eastern company's initial public offering, Petronas said on Wednesday.

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

UPDATE 3-Aramco share sale curb rules out overseas listing for at least a year

* GRAPHIC-Aramco valuations: https://tmsnrt.rs/34ubrpj (Adds Aramco no comment)

from Reuters: New Issues News https://ift.tt/36zfvXa

UPDATE 2-Aramco share sale curb rules out overseas listing for at least a year

* GRAPHIC-Aramco valuations: https://tmsnrt.rs/34ubrpj (Adds no immediate response from Aramco, government, plus analyst)

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

UPDATE 1-Aramco share sale curb rules out overseas listing for at least a year

The Saudi government plans to sell 2% of state oil giant Aramco in a domestic listing on Dec. 11, three sources familiar with the matter said, but restrictions on future share sales mean an international IPO is ruled out for at least a year.

from Reuters: New Issues News https://ift.tt/2JSHE1T

UPDATE 5-Give or take a trillion: Investors still in the dark on Saudi Aramco value

* FACTBOX-Saudi Aramco: the oil colossus (Adds dividend graphic)

from Reuters: New Issues News https://ift.tt/2CbOVp3

UPDATE 4-Give or take a trillion: Investors still in the dark on Saudi Aramco value

* FACTBOX-Saudi Aramco: the oil colossus (Adds possible sale split between domestic and foreign investors, plus graphic, factbox)

from Reuters: New Issues News https://ift.tt/36w79zF

UPDATE 3-Give or take a trillion: Investors still in the dark on Saudi Aramco value

* Nine-month net income fell to $68.2 bln from $83.1 bln (Adds links to graphics)

from Reuters: New Issues News https://ift.tt/2r40EUj

UPDATE 2-Give or take a trillion: Investors still in the dark on Saudi Aramco value

* Nine-month net income fell to $68.2 bln from $83.1 bln (Adds analysts' roadshows details, more estimates)

from Reuters: New Issues News https://ift.tt/2pEf5y7

Spain's Cellnex gets storming investor support for British towers buy

Investors gave their unstinting support to Spanish firm Cellnex's purchase of the telecoms division of Britain's Arqiva, providing enough demand to cover a 2.5 billion euro fundraising package 38 times over, Cellnex said.

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

UPDATE 1-African Export-Import Bank puts London listing plan on ice

The African Export-Import Bank has postponed a proposed London initial public offering, becoming the latest in a string of companies to cancel such plans in recent weeks in a challenging year for stock listings.

from Reuters: New Issues News https://ift.tt/2omHat4

African Export-Import Bank puts London listing plan on ice

The African Export-Import Bank has postponed a planned initial public offering on the London Stock Exchange, citing unfavourable market conditions for its decision.

from Reuters: New Issues News https://ift.tt/34dpxLs

KKR adds Deutsche Bank to defence supplier Hensoldt's IPO lineup - sources

Private equity firm KKR has added Deutsche Bank and KKR Capital Markets as additional global coordinators for the planned stock market flotation of German defence supplier Hensoldt, people close to the matter said.

from Reuters: New Issues News https://ift.tt/2Wq2quD

UPDATE 1-SoftwareONE set to price Swiss IPO at 18 Sfr/share - bookrunner

Swiss software management company SoftwareONE is expected to price its initial public offering at 18 Swiss francs per share, a bookrunner for the deal said on Thursday.

from Reuters: New Issues News https://ift.tt/2p8DawM

SoftwareONE set to price Swiss IPO at 18 Sfr/share - bookrunner

Swiss software management company SoftwareONE is expected to price its initial public offering at 18 Swiss francs per share, a bookrunner for the deal said on Thursday.

from Reuters: New Issues News https://ift.tt/2BCW3uj

UPDATE 2-UAE's Majid Al Futtaim to raise $600 mln with green dollar sukuk

Majid Al Futtaim, a UAE-based developer and shopping mall operator, is set to raise $600 million by selling "green" sukuk, or Islamic bonds, a document issued by one of the banks leading the sale showed on Wednesday.

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

UPDATE 1-UAE's Majid Al Futtaim to raise $600 mln with green dollar sukuk

Majid Al Futtaim, a UAE-based developer and shopping mall operator, is set to raise $600 million by selling "green" sukuk, or Islamic bonds, a document issued by one of the banks leading the sale showed on Wednesday.

from Reuters: New Issues News https://ift.tt/363qiJ9

UPDATE 2-Saudi Arabia sells $2.5 billion sukuk, gets hefty demand

Saudi Arabia sold sukuk, or Islamic bonds, worth $2.5 billion on Tuesday after receiving large demand for its first international debt sale since an assault on its oil facilities last month.

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

UPDATE 1-Saudi Arabia hires JPMorgan, Standard Chartered for $2.5 bln sukuk

Saudi Arabia has hired banks including JPMorgan and Standard Chartered to manage a $2.5 billion issuance of sukuk, or Islamic bonds, the kingdom's first international debt sale since an assault on its oil facilities last month.

from Reuters: New Issues News https://ift.tt/2JaPN1h

Saudi Arabia hires JPMorgan, Standard Chartered for $2.5 bln sukuk

Saudi Arabia has hired banks, including JPMorgan and Standard Chartered, to manage a $2.5 billion issuance of sukuk, or Islamic bonds, a document by one of the banks leading the deal showed.

from Reuters: New Issues News https://ift.tt/2Bv6yzJ

REFILE-Blackstone's financing for Merlin deal unsettles bond market

A buyout consortium led by Blackstone sent a frisson through debt markets this week as it took advantage of a booming appetite for bonds to push through aggressive terms on financing for its leveraged buyout of Merlin Entertainments.

from Reuters: New Issues News https://ift.tt/2pr2sWJ

Blackstone's financing for Merlin deal unsettles bond market

A buyout consortium led by Blackstone sent a frisson through debt markets this week as it took advantage of a booming appetite for bonds to push through aggressive terms on financing for its leveraged buyout of Merlin Entertainments.

from Reuters: New Issues News https://ift.tt/2pvYU5q

UPDATE 1-Emirate of Sharjah to raise $750 mln in sukuk

Sharjah, the third-largest emirate of the United Arab Emirates, is set to raise on Wednesday $750 million in 10-year sukuk, or Islamic bonds, a document issued by one of the banks leading the deal showed.

from Reuters: New Issues News https://ift.tt/33KUBCr

African mast operator Helios Towers' IPO to be priced at bottom of guided range

African mobile networks operator Helios Towers Ltd is expected to price its initial public offering (IPO) at the bottom of a revised price range, the latest company to struggle on its debut in international markets.

from Reuters: New Issues News https://ift.tt/35sVSQ9

UPDATE 1-Italy's Ferretti IPO postponed to Oct. 15 due to weak demand

Italian yacht maker Ferretti said on Thursday it had postponed the deadline for its initial public offering (IPO) to Oct. 15, with the first day of trading now expected on Oct. 21.

from Reuters: New Issues News https://ift.tt/2omG9Bw

Saudi developer Dar Al Arkan sells $600 mln in Islamic bonds

Saudi Arabian real estate developer Dar Al Arkan is set to raise $600 million through an issuance of sukuk, or Islamic bonds, a document issued by one of the banks leading the deal showed on Wednesday.

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

UPDATE 2-Spain's Cellnex to buy Arqiva's telecoms division in $2.5 bln deal

* Arqiva to focus on broadcast infrastructure business (Adds detail, Arqiva statement)

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

RPT-UPDATE 1-Spain's Cellnex to buy Arqiva's telecoms division in $2.5 bln deal

Spanish wireless infrastructure operator Cellnex said on Tuesday it had reached a deal to buy the telecoms division of Britain's Arqiva for 2.0 billion pounds ($2.5 billion).

from Reuters: New Issues News https://ift.tt/2Ml9W5m

UPDATE 3-Metro Bank shares up more than 30% on new bond deal, chairman's exit

* Metro's rapid growth since 2010 follows U.S. blueprint (Recasts, adds share price recovery, bond success)

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

UPDATE 1-African mast operator Helios Towers launches up to $1.8 bln London IPO -source

* IPO follows shelved attempt in 2018 (Adds details, background)

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

Fish farmer Bakkafrost bids $639 mln for Scottish Salmon

Faroese fish farmer Bakkafrost has agreed to buy a 68.6% stake in rival The Scottish Salmon Company from Northern Link Ltd and will bid for the remaining shares, Bakkafrost and The Scottish Salmon Company said on Wednesday.

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

Bahrain raises $2 billion with first dollar bond issue since bailout

Bahrain raised $2 billion with its first issue of U.S. dollar bonds since it obtained a $10 billion bailout from its Gulf allies last year to avert a credit crunch.

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

UPDATE 2-Metro Bank's woes deepen as UK lender ditches debt issue

Troubled British lender Metro Bank ditched a 250 million pound ($311 million) bond issue on Monday after failing to attract investors despite offering a hefty yield.

from Reuters: New Issues News https://ift.tt/2l7CHsz

REFILE-UPDATE 1-Saudi Aramco pursues IPO planning despite attack damage doubts

Saudi Aramco is pressing on this week with banker meetings about its planned listing, three sources said, although some investors and analysts doubt it can now meet its timeline after the weekend attacks on its oil facilities.

from Reuters: New Issues News https://ift.tt/31xePi0

Saudi Aramco pursues IPO planning despite attack damage doubts

Saudi Aramco is pressing ahead with its listing plans this week, although some investors and analysts doubt it can now meet its timeline as it has not said when oil output will be restored after attacks on its facilities.

from Reuters: New Issues News https://ift.tt/31vWwK6

UPDATE 3-Kazakh financial firm Kaspi.kz plans London listing this year

Kazakh financial group Kaspi.kz , which controls the Central Asian nation's third-largest lender Kaspi Bank, said it plans to list its shares in London this year.

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

UPDATE 2-Kazakh financial firm Kaspi.kz plans London listing this year

Kazakh financial group Kaspi.kz , which controls the Central Asian nation's third-largest lender Kaspi Bank, said it plans to list its shares in London this year.

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

UPDATE 1-Kazakh financial group Kaspi.kz plans London listing

Kazakh financial group Kaspi.kz which controls the Central Asian nation's third-largest bank Kaspi Bank plans to list its shares in London, the company said on Monday.

from Reuters: New Issues News https://ift.tt/31tM0mA

UPDATE 3-Saudi Aramco gives nine banks top roles on world's biggest IPO -sources

Saudi Aramco has hired nine banks as joint global coordinators to lead its planned initial public offering (IPO), slated to be the world's largest, two sources familiar with the matter told Reuters on Wednesday.

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

UPDATE 4-Saudi Aramco pursues IPO with local listing plan as lines up banks -sources

* Citi, Goldman Sachs may be managers - sources (Recasts, adds details on staggered local listing)

from Reuters: New Issues News https://ift.tt/2LDYBx4

Carlyle, Apollo compete for Deutsche Bahn's Arriva unit -sources

U.S. buyout groups Carlyle and Apollo are working on competing offers for Deutsche Bahn's Arriva unit as the auction enters its final stage, people close to the matter said.

from Reuters: New Issues News https://ift.tt/2zVDf8L

Russian food retailer VkusVill targets New York IPO in overseas foray

VkusVill, a fast growing Russian supermarket chain, is planning an initial public offering (IPO) in New York and expansion overseas, targeting markets in Europe and China.

from Reuters: New Issues News https://ift.tt/2Lh2Q2t

Private equity firm EQT announces IPO plan

Swedish private equity firm EQT said on Monday it intended to list its shares on the Nasdaq Stockholm, a highly anticipated initial public offering (IPO).

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

UK debt office says plans syndicated sale of gilt in November

Britain's Debt Management Office said on Friday it planned to sell a conventional or index-linked gilt via syndication in November.

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

UPDATE 1-Yacht maker Ferretti aims to list 30-35% on Milan bourse - source

Italian yacht maker Ferretti is looking to list a 30-35% stake in an initial public offering expected to take place in Milan in October, a source close to the matter said on Thursday.

from Reuters: New Issues News https://ift.tt/2L1vX9Y

Sweden's EQT Partners could launch 1 bln euro IPO next week -sources

* Goldman, Morgan Stanley, UBS and Nordea join as bookrunners

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

UPDATE 2-Saudi Aramco asks banks to pitch for roles in IPO -sources

* Saudi Crown Prince has said Aramco could be worth $2 trln (Adds detail on valuation, background on earnings)

from Reuters: New Issues News https://ift.tt/2Z3nTht

BRIEF-Ebios Energy To Change Name, List In London, Raise Capital

* SAID ON FRIDAY IT WILL CHANGE NAME TO AKILES CORPORATION SE

from Reuters: New Issues News https://ift.tt/2Zm7wMB

STAR Market tech board offers hope to Chinese venture capitalists

When Chinese venture capital firm New Vision Capital invested in two startups focusing on cloud computing and micro-optics, the plan was to eventually take them public on the Nasdaq exchange.

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

Irish fintech FINEOS, ASX's biggest IPO this year, opens higher on debut

FINEOS Holdings Corp PLC's Australia-listed shares opened slightly higher than their IPO price in their trading debut on Friday.

from Reuters: New Issues News https://ift.tt/2H9bttI

REFILE-UPDATE 2-Sirius Minerals suspends crucial $500 mln bond sale, shares plunge

Sirius Minerals Plc has suspended a planned $500 million bond sale that is central to the funding of its polyhalite mining project in northern England, sending shares in the fertiliser maker down more than 30%.

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

UPDATE 2-Sirius Minerals suspends crucial $500 mln bond sale, shares plunge

* Shares down more than 30% (Adds comments from analysts, source and context on financing, shares)

from Reuters: New Issues News https://ift.tt/33ilKNi

RPT-WeWork obtains commitments for US$6bn IPO-linked debt

NEW YORK, Aug 5 (LPC) - Workspace provider WeWork has obtained commitments from at least 10 banks for US$6bn in credit facilities that remain contingent on the company's ability to push through with its planned initial public offering, sources told LPC.

from Reuters: New Issues News https://ift.tt/2T92ldf

UPDATE 1-Sirius Minerals suspends Polyhalite $500 mln bond offer

Sirius Minerals Plc said on Tuesday it had suspended a planned $500 million bond sale that is central to the funding of its Polyhalite mining project in the north-east of England, sending shares in the fertiliser maker down more than 30%.

from Reuters: New Issues News https://ift.tt/2Tbb2nk

WeWork obtains commitments for US$6bn IPO-linked debt

NEW YORK, Aug 5 (LPC) - Workspace provider WeWork has obtained commitments from at least 10 banks for US$6bn in credit facilities that remain contingent on the company's ability to push through with its planned initial public offering, sources told LPC.

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

UPDATE 6-SoftBank Group's $108 bln Vision Fund 2 draws in Microsoft, Apple

* Saudi Arabia, Abu Dhabi not listed among investors (Adds detail on Standard Chartered's participation in the fund)

from Reuters: New Issues News https://ift.tt/2Y2SivY

Anil Agarwal's Volcan to sell about 2% stake in Anglo American

Billionaire Anil Agarwal's Volcan Holdings Plc has offered to sell about a 1.9% stake in Anglo American Plc, one of the bookrunners handling the sale said on Thursday.

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

Apollo halts Verallia sale plan to press ahead with IPO -sources

U.S. investment company Apollo has halted discussions over a sale of its French glass bottle maker Verallia because it believes that better returns could be achieved from a stock market listing, sources close to the matter told Reuters.

from Reuters: New Issues News https://ift.tt/32O2CXd

UPDATE 1-Voyager Air shelves $200 mln London IPO

Voyager Air Limited on Thursday put off its plans for an initial public offering on the London Stock Exchange, citing "unfavourable market conditions".

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

UPDATE 2-Emirates NBD's Q2 profit surges on asset sale, forex gains

* Impairment charges double in Q2 (Adds bank's view on impairments, share price)

from Reuters: New Issues News https://ift.tt/2LXZe6q

UPDATE 1-Emirates Strategic Investments Co readies debut dollar sukuk sale

Emirates Strategic Investments Co, a firm owned by Sheikh Mansour bin Zayed al-Nahyan, a member of Abu Dhabi's royal family, has hired banks to arrange investor meetings ahead of a debut U.S. dollar-denominated sukuk issuance, a document showed.

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

UPDATE 1-Medicinal cannabis producer Freyherr to list in London

Medicinal cannabis producer Freyherr International Group plans to list on the NEX exchange in London, it said on Friday, as companies look to exploit increasing legalisation of the plant.

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

UPDATE 1-Uniphar jumpstarts Irish IPO market with 150 mln euro listing

* Uniphar to use proceeds for acquisitions, growth, cut debt (Adds details, quotes)

from Reuters: New Issues News https://ift.tt/32m2RZx

Irish pharma group Uniphar raises 150 million euros in IPO

Irish pharmaceutical wholesale and retailing group Uniphar has raised its target of 150 million euros ($169 million) in an initial public offering (IPO) and its shares will start trading in London and Dublin next week, it said on Friday.

from Reuters: New Issues News https://ift.tt/2XI7PRB

DP World markets new dollar sukuk, taps existing bond

Port operator DP World started marketing 10-year U.S. dollar-denominated sukuk, or Islamic bonds, with an initial price guidance of around 230 basis points over mid-swaps, a document issued by one of the banks leading the deal showed.

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

Swiss Re may postpone $4.1 bln ReAssure IPO – sources

Swiss Re is considering postponing or restructuring the $4.1 billion London listing of its UK life insurance business due to limited investor appetite, sources familiar with the matter said on Wednesday.

from Reuters: New Issues News https://ift.tt/2G37nCv

Tunisia starts marketing 7-year euro-denominated bond

The Republic of Tunisia has started marketing a seven-year euro-denominated bond with an initial price guidance of around 6.875%, a document issued by one of the banks leading the deal showed on Wednesday.

from Reuters: New Issues News https://ift.tt/30A3ywP

UPDATE 5-Richard Branson's Virgin Galactic to go public by year-end

British billionaire Richard Branson will take Virgin Galactic public by year-end, giving it the much-needed funds to take on Jeff Bezos' Blue Origin in the race to space.

from Reuters: New Issues News https://ift.tt/2S5xyNI

CORRECTED-UPDATE 4-Richard Branson's Virgin Galactic to go public by year-end

British billionaire Richard Branson's Virgin Galactic plans a stock market listing by the end of the year, giving it the much-needed funds to take on Jeff Bezos' Blue Origin and Elon Musk's SpaceX in the race to space.

from Reuters: New Issues News https://ift.tt/2Jyfg46

UPDATE 2-Saudi Arabia's Savola issues 1 bln riyals sukuk

Savola Group, Saudi Arabia's largest food products company, confirmed on Tuesday it had raised 1 billion riyals ($267 million) in sukuk, or Islamic bonds, in a deal arranged by the Saudi arm of HSBC.

from Reuters: New Issues News https://ift.tt/2XB2z2c

UPDATE 1-Saudi Arabia's Savola Group issues 1 bln riyals sukuk - sources

Savola Group, Saudi Arabia's largest food products company, has raised 1 billion riyals ($267 million) in sukuk, or Islamic bonds, in a deal in which the Saudi arm of HSBC was lead arranger, sources familiar with the matter said.

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

Saudi Arabia's Savola Group issues 1 bln riyals sukuk - sources

Savola Group, Saudi Arabia's largest food products company, has raised 1 billion riyals ($267 million) in sukuk, or Islamic bonds, with the Saudi unit of HSBC as lead arranger, sources familiar with the matter said.

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

UK to sell 2.5 bln stg of 2041 linker after sale via syndication

Britain will sell 2.5 billion pounds ($3.1 billion) of a 20-year index-linked gilt after attracting bids worth more than 20 billion pounds at a sale via syndication on Tuesday, one of the bookrunners said.

from Reuters: New Issues News https://ift.tt/2GfOtc3

UPDATE 2-DP World hires Citi, StanChart for new 10-year Islamic bond

Port operator DP World has hired banks to arrange a series of investor meetings ahead of a potential issue of 10-year U.S. dollar-denominated sukuk, or Islamic bonds, a document issued by one of the banks leading the deal showed on Monday.

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

UPDATE 1-DP World hires Citi, StanChart for new 10-year Islamic bond

Port operator DP World has hired banks to arrange a series of investor meetings ahead of a potential issue of 10-year U.S. dollar-denominated sukuk, or Islamic bonds, a document issued by one of the banks leading the deal showed on Monday.

from Reuters: New Issues News https://ift.tt/30nV77k

Dubai's DP World hires banks for dollar bond issue

Port operator DP World has hired banks to arrange a series of investor meetings ahead of a potential issue of 10-year U.S. dollar-denominated sukuk, or Islamic bonds, a document issued by one of the banks leading the deal showed.

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

UPDATE 2-Delayed Airtel Africa's $4.4 bln Nigeria listing to go ahead on Monday

Airtel Africa aims to list on the Nigerian bourse on Monday, one of the financial advisors arranging the issue said, after the exchange postponed the listing which had been scheduled for Friday.

from Reuters: New Issues News https://ift.tt/32exhgr

UPDATE 1-Nigeria stock exchange postpones Airtel listing

The listing of Airtel Africa shares planned for July 5 has been postponed to ensure the telecoms company meets its listing requirements, the Nigerian Stock Exchange said on Friday.

from Reuters: New Issues News https://ift.tt/2YI2UfO

UPDATE 2-Energean expands in East Mediterranean gas with $850m Edison deal

* Expects group production to reach 140,000 boed by 2021 (Adds share placing, shares, details, dateline)

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

UPDATE 2-Asda boss sees possible stock market listing in 2-3 years

* Asda CEO thinks Walmart would keep majority stake in any IPO

from Reuters: New Issues News https://ift.tt/2XMy48S

UPDATE 1-Asda boss sees possible stock market listing in 2-3 years

The timescale for a possible stock market listing of UK supermarket group Asda, by its U.S. parent Walmart, is two to three years, Asda's boss said on Wednesday.

from Reuters: New Issues News https://ift.tt/306z2Kw

UPDATE 1-Banks scramble to re-pitch for Aramco IPO roles - sources

Investment banks are scrambling to re-pitch to advise Saudi Aramco on a possible initial public offering, sources familiar with the matter said, with Saudi Arabia's energy minister confirming plans for the listing to proceed in 2020 or 2021.

from Reuters: New Issues News https://ift.tt/2XMlEh2

UPDATE 1-Ireland invests disputed Apple taxes in low-risk bonds

Ireland's debt agency has invested disputed taxes collected from Apple in low risk, highly rated euro-dominated fixed income securities, mainly short to medium-term sovereign and quasi-sovereign bonds, it said in an annual report.

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

Ireland invests disputed Apple taxes in low risk, highly rated bonds

Ireland's debt agency has invested disputed taxes collected from Apple in low risk, highly rated euro-dominated fixed income securities, predominantly short to medium-term sovereign and quasi-sovereign bonds, it said in its annual report.

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

Global Fashion Group IPO mostly backed by existing shareholders

Global Fashion Group (GFG) raised less than half the sum it had originally targeted in an initial public offering of new shares that drew weak investor demand and ended up being mostly backed by its existing shareholders.

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

UPDATE 2-Airtel Africa drops 15% in early trade after London debut

Airtel Africa shares fell as much as 15% on Friday after its London stock market debut, hitting a low of 67 pence ($0.85) against an initial public offering price of 80 pence.

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

UPDATE 2-France's Orange to sell remaining stake in Britain's BT

* Orange stake worth 493 mln pounds or 550 mln euros (Recasts, adds context on BT revamp, Orange's recent performance)

from Reuters: New Issues News https://ift.tt/31VFYvN

UPDATE 1-Russian lender TCS to offer GDRs to boost its capital

Russian consumer lender TCS Group, the parent company of Tinkoff Bank, said on Thursday it would raise extra capital by offering 16.7 million global depositary receipts (GDRs) at $18 per unit.

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

UPDATE 2-Swiss Re's ReAssure valued at up to $4.2 bln in IPO

UK life assurance business ReAssure will be valued at up to 3.3 billion pounds ($4.2 billion) when it floats on the London Stock Exchange, its largest shareholder Swiss Re said on Thursday.

from Reuters: New Issues News https://ift.tt/2X4uoLk

CORRECTED-UPDATE 1-IPO price range values Swiss Re's ReAssure at up to $4.2 bln

Swiss Re has set a price range of 2.80 to 3.30 pounds for shares in the flotation of its UK life assurance business ReAssure, the world's second-largest reinsurance company said on Thursday.

from Reuters: New Issues News https://ift.tt/2FADHg2

Voyager Air plans $200 mln London IPO to kickstart aircraft leasing business

Voyager Air Limited said on Thursday it planned to raise up to $200 million via a listing on the London Stock Exchange, to support its new aircraft leasing business.

from Reuters: New Issues News https://ift.tt/2ZMFh6b

UPDATE 1-IPO price range values Swiss Re's ReAssure at up to $4.2 bln

Swiss Re has set a price range of 2.80 to 3.30 pounds for shares in the flotation of its UK life assurance business ReAssure, the world's second-largest reinsurance company said on Thursday.

from Reuters: New Issues News https://ift.tt/2ZWcV9L

UPDATE 2-No breakthrough in Swiss-EU battle of the bourses

* European Commission not in contact with Swiss amid standoff

from Reuters: New Issues News https://ift.tt/2INEgF6

Airtel Africa receives pre-IPO interest worth about $200 mln - bookrunner

One of the bookrunners handling Airtel Africa Ltd's planned initial public offering on the London Stock Exchange said on Monday it had received indications of interest worth about $200 million from pre-IPO investors.

from Reuters: New Issues News https://reut.rs/2X0dvpP

Russia's Rusagro sees secondary offering likely this year

The chief executive of Russian farming conglomerate Rusagro, Maxim Basov, said the company is likely to hold a secondary public offering this year.

from Reuters: New Issues News https://reut.rs/2ICyohS

Britain's Trainline expects to price IPO at top of range -bookrunner

Trainline's planned share listing on the London Stock Exchange is expected to price at 350 pence per share, the top end of its targeted range, implying a total valuation for the company of up to 1.7 billion pounds, a bookrunner said.

from Reuters: New Issues News https://reut.rs/2IqVQPc

Barrick said Tuesday comments on Acacia offer not a 'no-increase statement'

Barrick Gold Corp said on Wednesday that comments by Chief Executive Mark Bristow that he had no intention of discussing a higher buyout offer for the company's African unit with its minority shareholders should not be considered a "no-increase statement."

from Reuters: New Issues News https://reut.rs/31GMdn3

Okea sees foreign oil majors leaving Norway's offshore in a decade

* Okea sees opportunities for small oil firms as majors leave

from Reuters: New Issues News https://reut.rs/2KYyHW7

Oil firm Okea's IPO raises less than half initially planned

* Had to lower IPO price to 21 crowns/share from 25-33 crowns

from Reuters: New Issues News https://reut.rs/2Xkt0Z8

UPDATE 1-Irish pharma group Uniphar plans IPO

Irish pharmaceutical wholesale and retailing group Uniphar plans to raise up to 150 million euros ($167 million) from a placing of new shares in London and Dublin, it said on Monday.

from Reuters: New Issues News https://reut.rs/2RnQKGq

Irish pharma group Uniphar plans IPO

Irish pharmaceuticals group Uniphar plans to raise up to 150 million euros ($167 million) from a placing of new shares in London and Dublin, it said on Monday.

from Reuters: New Issues News https://reut.rs/2Ff1Zw1

RPT-Airtel Africa expects London IPO to be priced between 80-100 pence share

Airtel Africa Ltd , a unit of India's Bharti Airtel Ltd, on Monday set a price range of 80 to 100 pence per share for its planned initial public offering on the London Stock Exchange.

from Reuters: New Issues News https://reut.rs/2KTr9Uw

Long-awaited London-Shanghai share listing project goes live

Companies listed in Britain will be able to sell shares in China on Monday with the launch of a long-awaited London-Shanghai Stock Connect project that finance minister Philip Hammond called a chance to deepen "global connectivity".

from Reuters: New Issues News https://reut.rs/2MSYvpb

UPDATE 2-Chinese brokerage Huatai prices London listing at bottom of range

* Biggest orders placed by hedge funds -source (Adds financial details)

from Reuters: New Issues News https://reut.rs/2IgtbfA

Books on Trainline's London share listing covered - bookrunners

Books on Britain's Trainline's planned share listing on the London Stock Exchange are covered, bookrunners handling the sale said on Thursday.

from Reuters: New Issues News https://reut.rs/2wR9ZhX

UPDATE 1-Huatai valued at up to $1.8 bln in first London-Shanghai Connect deal

Huatai Securities on Tuesday set a price range of $20 to $24.50 per global depositary receipt to raise $1.2 billion, becoming the first Chinese company to sell shares in London in a deal set to value the brokerage up to $1.8 billion, one of the bookrunners handling the sale said.

from Reuters: New Issues News https://reut.rs/2XD5dk0

Huatai seeks $20-$24.50 per GDR in first London-Shanghai Connect offering

Huatai Securities, one of China's largest brokerages, on Tuesday set a price range of $20 to $24.50 per global depositary receipt (GDR), aiming to raise at least $1.2 billion in the first London offering of its kind, according to a bookrunner.

from Reuters: New Issues News https://reut.rs/2XC463W

UPDATE 1-Carlyle, DWS lining up bids for $3.9 bln Arriva sale -sources

U.S. buyout fund Carlyle and German asset manager DWS are gearing up to bid for British rail and bus firm Arriva after holding preliminary talks with its German owner Deutsche Bahn, sources familiar with the matter told Reuters.

from Reuters: New Issues News https://reut.rs/31dnRkI

Carlyle, DWS lining up bids for $3.9 bln Arriva sale - sources

U.S. buyout fund Carlyle and German asset manager DWS are gearing up to bid for British rail and bus firm Arriva after holding preliminary talks with its German owner Deutsche Bahn, sources familiar with the matter told Reuters.

from Reuters: New Issues News https://reut.rs/2WOiFUW

UPDATE 2-Emerging markets online fashion retailer GFG prepares listing

* Sales of 1.16 bln euros in 2018, adj EBITDA margin of -4.3%

from Reuters: New Issues News https://reut.rs/2HQhlbH

UPDATE 1-Watches of Switzerland shares climb 15% on London debut

* Deal follows Europe IPO drought this year (Adds share price, CEO quote)

from Reuters: New Issues News https://reut.rs/2EGJu3a

Watches of Switzerland prices IPO at 270 pence per share

Britain's biggest watch retailer Watches of Switzerland Group Ltd said on Thursday it has set the price for its listing at 270 pence per share, near the upper end of the range targeted at the launch of the deal.

from Reuters: New Issues News https://reut.rs/2ww51XC

UPDATE 1-Britain's Trainline heading for London IPO next month

Britain's Trainline plans to list on the London Stock Exchange in June to raise its profile and tap into the growing demand for e-ticketed travel across Europe.

from Reuters: New Issues News https://reut.rs/2JMntEj

UPDATE 1-Airtel Africa looks at $1 billion London listing

Airtel Africa Ltd, a subsidiary of Indian telecoms group Bharti Airtel Ltd, is considering a stock market flotation in London, it said on Tuesday, part of efforts to expand its data and mobile money services across Africa.

from Reuters: New Issues News https://reut.rs/2Qqo0Mu

Airtel Africa eyes London stock market listing

Airtel Africa Ltd, a subsidiary of India's Bharti Airtel Ltd, said on Tuesday it was considering a stock market flotation in London to reduce existing debt.

from Reuters: New Issues News https://reut.rs/2JG2yTf

UPDATE 1-Saudi miner Ma'aden considers $5bln rights issue -sources, media

Saudi Arabian Mining Co (Ma'aden) is working with HSBC on a possible rights issue, two sources familiar with the plan said, while a media report said the company was looking to raise up to $5 billion.

from Reuters: New Issues News https://reut.rs/2YPjPwQ

UPDATE 1-Rail ticketing service Trainline plans London float

Britain's Trainline said on Wednesday it planned to float the online rail and coach travel platform in London to increase its profile and tap into the growing demand for e-ticketed travel across Europe.

from Reuters: New Issues News https://reut.rs/2WqIuuh

Oman hires banks for bond issue, deal could raise $2 billion – sources

Oman has hired a group of international banks including HSBC and Standard Chartered for a planned bond issue which could go up to $2 billion in size, sources familiar with the matter said.

from Reuters: New Issues News https://reut.rs/2HBQxuC

Petrobras removes three banks from BR Distribuidora privatization -sources

Brazilian state-run oil firm Petroleo Brasileiro SA has removed three banks from the privatization process of fuel distribution unit Petrobras Distribuidora, four sources with knowledge of the matter told Reuters this week.

from Reuters: New Issues News https://reut.rs/2WR1SgS

UPDATE 4-UK's Metro Bank completes vital capital raise to patch up finances

Embattled British lender Metro Bank has raised 375 million pounds of vital capital to shore up its finances just hours after launching a discounted funding round on Thursday.

from Reuters: New Issues News https://reut.rs/2HnAhhU

UPDATE 3-UK's Metro Bank launches cut-price share placing to patch up finances

* Existing investors expected to subscribe - source (Adds analyst comment, further context)

from Reuters: New Issues News https://reut.rs/2JnSaPV

UPDATE 2-UK's Metro Bank launches cut-price share placing to patch up finances

Britain's Metro Bank launched a discounted funding round on Thursday to raise 350 million pounds ($450 million) to repair a stretched balance sheet and try and restore investor and customer confidence.

from Reuters: New Issues News https://reut.rs/2WNuac5

UPDATE 1-Britain's Metro Bank to raise 350 million pounds

Embattled British lender Metro Bank announced plans on Thursday to raise 350 million pounds ($450 million) at a cut-price 500 pence per share with an accelerated bookbuild to repair a stretched balance sheet and restore market faith.

from Reuters: New Issues News https://reut.rs/2YrI3No

UPDATE 3-UAE's Finablr cuts IPO price in volatile markets

* Planned London listing comes in jittery markets (Adds book covered)

from Reuters: New Issues News https://reut.rs/2VEsYv9

UPDATE 2-UAE's Finablr cuts IPO price in volatile markets

* Planned London listing comes in jittery markets (Adds revised offer price)

from Reuters: New Issues News https://reut.rs/2E2Dphd

UAE's Finablr IPO priced at 175 pence per share- bookrunner

Finablr's London market debut had a revised price tag of 175 pence per share, the bookrunner said, giving the United Arab Emirates-based payments and foreign exchange company an implied market value of about 1.23 billion pounds ($1.59 billion).

from Reuters: New Issues News https://reut.rs/2W5aLGn

Russia's NLMK plans dollar Eurobond roadshow this week - Ifax

Russian steelmaker NLMK plans to begin a roadshow on May 16 for investors in the United States, Britain, Germany and Switzerland for a possible 5-7 year dollar-denominated Eurobond issue, Interfax news agency cited a source as saying on Tuesday.

from Reuters: New Issues News https://reut.rs/30jXGsb

UPDATE 2-Norwegian oil company Okea to raise $100 mln in IPO

Norwegian oil company Okea ASA is applying to list its shares on the Oslo Stock Exchange to fund further expansion and expects them to start trading by late June, the company said on Friday.

from Reuters: New Issues News https://reut.rs/2LBSWdZ

RPT-Metro Bank funding problems deepen as bondholder confidence wavers

* Confidence shaken by accounting error, pending rights issue

from Reuters: New Issues News https://reut.rs/2vQtkPO

UPDATE 1-Oil company Okea plans to raise $100 mln in Oslo IPO

Norwegian oil company Okea ASA will apply for a listing on the Oslo Stock Exchange and expects its shares to start trading by late June, the company said in a statement on Friday.

from Reuters: New Issues News https://reut.rs/2VT9D8Q

UPDATE 3-Ireland raises 4 bln euros in bond sale

Ireland raised 4 billion euros ($4.49 billion) from a syndicated sale of a new 2050 bond on Thursday after investors swamped the book with demand for 4.6 times that amount.

from Reuters: New Issues News https://reut.rs/2vNqvzd

Metro Bank funding problems deepen as bondholder confidence wavers

* Confidence shaken by accounting error, pending rights issue

from Reuters: New Issues News https://reut.rs/2PXBRJT

UPDATE 3-UAE's Majid Al Futtaim set to raise $600 mln in "green" sukuk

Majid Al Futtaim, a UAE-based developer and shopping mall operator, is set to raise $600 million in "green" sukuk, or Islamic bonds, documents by one of the banks leading the deal showed on Tuesday.

from Reuters: New Issues News https://reut.rs/2PSOvtH

UPDATE 2-UAE's Majid Al Futtaim to raise up to $650 mln in green sukuk

Majid Al Futtaim, a UAE-based developer and shopping mall operator, is set to raise between $500 million and $650 million in "green" sukuk, or Islamic bonds, a document by one of the banks leading the deal showed on Tuesday.

from Reuters: New Issues News https://reut.rs/2J5OiTE

UPDATE 1-UAE's Majid Al Futtaim markets green dollar sukuk

Majid Al Futtaim, a UAE-based developer and shopping mall operator, has started marketing 10-year U.S. dollar-denominated "green" Islamic bonds, or sukuk, at about 245 basis points over mid-swaps, a document showed on Tuesday.

from Reuters: New Issues News https://reut.rs/2Wrjakk

PRESS DIGEST- British Business - May 7

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 https://reut.rs/2LB46jo

UPDATE 1-Pearl Petroleum to raise funding for Iraqi Kurdistan investment

* Dana Gas may seek alternative listing in London this year -CEO

from Reuters: New Issues News https://reut.rs/2PNa1A8

UK DMO names bookrunners for new 40-year gilt syndication

The United Kingdom Debt Management Office said on Friday that it had named Citi, HSBC, RBS unit NatWest Markets and Santander to act as joint bookrunners for the upcoming multi-billion pound syndication of a new bond with a maturity of around 40 years.

from Reuters: New Issues News https://reut.rs/2GXrIdj

UPDATE 2-Watches of Switzerland considers London listing

Britain's biggest watch retailer Watches of Switzerland Group said on Thursday it was considering an initial public offering in London, as it looks to reduce debt and make acquisitions.

from Reuters: New Issues News https://reut.rs/2DIOHqx

UPDATE 1-Watches of Switzerland considers London listing

Britain's biggest watch retailer Watches of Switzerland Group said on Thursday it was considering an initial public offering in London, as it looks to make acquisitions and reduce debt.

from Reuters: New Issues News https://reut.rs/2GRtRpW

Watches of Switzerland eyes premium stock market listing

Private-equity-owned Watches of Switzerland Group said on Thursday it was considering a stock market flotation in London, as it looks to make acquisitions in the United States.

from Reuters: New Issues News https://reut.rs/2WdtufL

Sirius Minerals raises $425 mln to finance North Yorkshire mine

Sirius Minerals plc said on Wednesday it had raised $425 million to finance the next stage of its polyhalite mine in North Yorkshire.

from Reuters: New Issues News https://reut.rs/2GGFYG0

Saudi Telecom hires banks for debut dollar sukuk

State-run Saudi Telecom has hired six banks to arrange its first issue of U.S. dollar-denominated sukuk, or Islamic bonds, the company said on Thursday.

from Reuters: New Issues News https://reut.rs/2Dwnrvi

Deutsche Bahn asks for expressions of interest in Arriva by May 3

German railway operator Deutsche Bahn has asked potential suitors of its British unit Arriva to express their interest in the asset by May 3, according to an advertisement published in the Financial Times newspaper on Wednesday.

from Reuters: New Issues News https://reut.rs/2IYkZ4e

Turkey-focused gas firm Valeura to list on London bourse

Canada-listed, Turkey-focused gas firm Valeura said on Wednesday it expects its shares to start trading on the London Stock Exchange in a non-dilutive secondary listing next week, a move it had flagged before.

from Reuters: New Issues News https://reut.rs/2UFGUVe

Brazil's Petrobras hires JPMorgan, Citi to manage BR Distribuidora offering -sources

State-run oil company Petroleo Brasileiro SA has hired nine banks to manage an offering of shares in its fuel distribution unit Petrobras Distribuidora SA, three sources with knowledge of the matter said.

from Reuters: New Issues News https://reut.rs/2Dh9nWp

UPDATE 2-UAE's Finablr to list on London Stock Exchange

* Confirms plans to raise $200 mln from sale of new stock (Adds company comment, background on European IPO market)

from Reuters: New Issues News https://reut.rs/2UjohkW

Islamic Development Bank starts marketing 5 yr dollar sukuk -document

The Islamic Development Bank (IsDB) has started marketing a five year dollar sukuk, or Islamic bond, a document issued by one of the banks showed.

from Reuters: New Issues News https://reut.rs/2GidzGk

UPDATE 1-UAE's Finablr to list on London Stock Exchange

United Arab Emirates-based payments and foreign exchange company Finablr plans to proceed with an initial public offer on the London Stock Exchange, a week after the company revealed that it was considering one.

from Reuters: New Issues News https://reut.rs/2Dg6UMe

UAE's Finablr to list on London Stock Exchange

United Arab Emirates-based payments and foreign exchange company Finablr plans to proceed with an initial public offer on the London Stock Exchange, a week after the company revealed that it was considering one.

from Reuters: New Issues News https://reut.rs/2Gq1CzF

Biotech group Chi-Med plans Hong Kong listing of up to $500 mln - sources

Biotech company Hutchison China MediTech, known as Chi-Med, has filed for a Hong Kong listing, which four sources close to the matter said could raise up to $500 million.

from Reuters: New Issues News https://reut.rs/2XhKzW1

UPDATE 1-Ferretti's Chinese owner lines up banks for relisting -sources

Ferretti's Chinese owner, which is preparing to relist the Italian luxury yacht maker, has lined up Barclays, BNP Paribas and UBS as global coordinators for the share sale, four sources close to the matter said.

from Reuters: New Issues News https://reut.rs/2uXZLvo

Russian IPO hopeful Rustranscom valued at up to $1.6 bln-VTB Capital

VTB Capital, one of the banks working on rail freight group Rustranscom's initial public offering (IPO), has valued the company at $1.363-1.605 billion, a VTB report on the listing seen by Reuters on Thursday showed.

from Reuters: New Issues News https://reut.rs/2IsBLs4

Islamic Development Bank hires banks for dollar sukuk

The Islamic Development Bank (IsDB) has hired banks to arrange a series of fixed income investor meetings in London on April 15 as it considers issuing five-year sukuk, or Islamic bonds, a document issued by one of the banks showed.

from Reuters: New Issues News https://reut.rs/2X2dptn

UPDATE 1-UAE's Finablr considers London float that could raise at least $200 mln

United Arab Emirates-based payments and foreign exchange company Finablr is considering a stock market flotation in London that could raise at least $200 million to finance expansion and cut debt.

from Reuters: New Issues News https://reut.rs/2UP7Ilf

UAE's Finablr set to launch London IPO on Tuesday - sources

United Arab Emirates-based payments and foreign exchange company Finablr is set to launch its initial public offering in London on Tuesday in a deal that could raise about $500 million, three sources familiar with the matter said.

from Reuters: New Issues News https://reut.rs/2OUiFMT

UPDATE 2-Sports Direct chief offers to underwrite Debenhams rescue for CEO job -FT

Sports Direct chief Mike Ashley has offered to underwrite a 150 million pound ($196 million) rights issue at Debenhams on condition he is named CEO of the British department store chain, the Financial Times https://on.ft.com/2uOqiLx reported on Saturday, citing two sources.

from Reuters: New Issues News https://reut.rs/2UF1Quz

UPDATE 1-Sports Direct chief offers to underwrite Debenhams rescue in return for CEO job-FT

Sports Direct chief Mike Ashley has offered to underwrite a 150 million pound ($196 million) rights issue at Debenhams on condition he is named CEO of the department store chain, the Financial Times https://on.ft.com/2uOqiLx reported on Saturday, citing two sources.

from Reuters: New Issues News https://reut.rs/2UkF1go

UPDATE 2-Deutsche Bahn to work with Deutsche Bank, Citi on Arriva sale -sources

* Bus ops seen fetching interest, less excitement over rail ops (Adds potential bidders)

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

Aramco treads carefully on Saudi ties as it markets debut bond

For Saudi Aramco and its advisers, a debut international debt issue that could raise well over $10 billion presents a key challenge - how to forge an identity as a state-owned major while in the same league as the likes of Exxon Mobil and Shell.

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

UPDATE 1-Deutsche Bahn to work with Deutsche Bank, Citi on Arriva divestiture -sources

* Bus ops seen fetching interest, less excitement over rail ops (Adds background on possible suitors)

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

Novartis's Alcon spinoff ousts Baer from Swiss benchmark SMI

Novartis's spinoff of its eyecare division Alcon, set for Tuesday April 9, marks the largest Swiss stock deal in a decade and forces a reshuffle of the benchmark Swiss Market Index (SMI) as private bank Julius Baer gets booted out.

from Reuters: New Issues News https://ift.tt/2OHti5s

UAE's RAKBANK plans $500 mln sale of five-year bonds

The National Bank of Ras Al-Khaimah (RAKBANK) is set to raise $500 million in five-year bonds, offering investors 185 basis points (bps) over mid-swaps, a document issued by one of the banks leading the deal showed.

from Reuters: New Issues News https://ift.tt/2FJru88

PRESS DIGEST- Financial Times - April 2

The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

from Reuters: New Issues News https://ift.tt/2uGk6VH

UPDATE 1-Network International's share sale draws strong demand

Payments processor Network International had its books covered rapidly on Monday after announcing a flotation that values the company at up to $3 billion in its forthcoming London listing, one source close to the deal said.

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

Network International announces pricing for up to $3bln listing

Payments processor Network International on Monday said shares in its forthcoming listing would be priced at between 395 pence and 465 pence each, implying a valuation for the company of between 1.9 billion pounds and 2.3 billion pounds ($2.48 bln - $3 billion).

from Reuters: New Issues News https://ift.tt/2TLw2Qb

UPDATE 1-BP CEO Dudley's 2018 pay slips to $14.7 mln

* BP's 2018 profits doubled to five-year high (Adds details, graphics)

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

BP CEO Dudley's 2018 pay slips to $14.7 mln

BP Chief Executive Officer Bob Dudley's 2018 remuneration slipped to $14.7 million from a year earlier, as the oil and gas company's profits doubled to a five-year high.

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

Georgia sees growth of at least 5 pct, plans local and foreign bond issues in 2019

Georgia expects 2019 economic growth of at least 5 percent, and is looking at issuing sovereign bonds in its national currency as well as in U.S. dollars and euros this year, economy and sustainable development minister Giorgi Kobulia said.

from Reuters: New Issues News https://ift.tt/2I01M1U

Deutsche Bahn still weighing options for British Arriva unit -CFO

Germany's state-owned railway operator Deutsche Bahn is still weighing options for its British-based Arriva division including a complete or partial sale or a listing, the company's finance chief said on Thursday.

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

UPDATE 1-Saudi Aramco to meet investors next week ahead of debut dollar bond - sources

Saudi Aramco will start meeting bond investors next week to persuade them to buy its debut international bond, which will help the world's largest oil producer fund the $69.1 billion purchase of a stake in Saudi Basic Industries Corp (SABIC), sources familiar with the matter said.

from Reuters: New Issues News https://ift.tt/2TKW8TC

UPDATE 1-Debenhams bondholders back restructuring in blow to bid hopes

Debenhams' bondholders have agreed to change the terms of some of their bonds, moving the ailing British department store group closer to a refinancing deal that could thwart a bid from Mike Ashley's Sports Direct and wipe out shareholders.

from Reuters: New Issues News https://ift.tt/2Uf3bId

Private equity Seacrest in talks to sell N.Sea oil firm Azinor -sources

Private equity fund Seacrest Capital is in talks to sell part or all of its British North Sea-focused oil exploration firm Azinor Catalyst, which could fetch between $60-$100 million, having received unsolicited offers for it, banking and industry sources said.

from Reuters: New Issues News https://ift.tt/2Uc6zDT

UPDATE 1-Lufthansa looking to merge European catering unit with peer - sources

Lufthansa is looking to merge the European operations of its catering unit LSG with a peer as it struggles with low margins in a competitive market on the continent, people close to the matter said.

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

NSF investors back share issue for hostile Provident bid

British subprime lender Non-Standard Finance (NSF) said on Tuesday its investors had authorised the issue of new shares for its planned hostile takeover of Provident Financial.

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

CORRECTED-UPDATE 1-Steinhoff to place up to 694 mln shares in KAP Industrial

Troubled South African retailer Steinhoff said on Tuesday it would place up to 694 million shares in KAP Industrial via an accelerated bookbuilding to raise cash to repay debt and shore up its finances.

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

UPDATE 1-Steinhoff to place up to 6.94 mln shares in KAP Industrial

Troubled South African retailer Steinhoff said on Tuesday it would place up to 6.94 million shares in KAP Industrial via an accelerated bookbuilding to raise cash to repay debt and shore up its finances.

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

Steinhoff to place up to 6.94 mln shares in KAP Industrial

Troubled South African retailer Steinhoff said on Tuesday it would place up to 6.94 million shares in KAP Industrial via an accelerated bookbuilding in an effort to plug a liquidity gap.

from Reuters: New Issues News https://ift.tt/2Oqdm7y

Emirate of Sharjah to raise $1 billion with seven-year sukuk - source

The emirate of Sharjah, the third-largest constituent of the United Arab Emirates, is set to raise $1 billion in seven-year sukuk, or Islamic bonds, a source familiar with the terms of the transaction said.

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

PRESS DIGEST- Financial Times - March 22

The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

from Reuters: New Issues News https://ift.tt/2HQLZm1

Russian steel pipemaker TMK considers listing its European division

Russian steel pipemaker TMK is considering an IPO of its European division, with a possible decision in the first half of 2019, said its head of strategy, Vladimir Shmatovich.

from Reuters: New Issues News https://ift.tt/2HM9XhU

BRIEF-Russia's Cherkizovo to place existing, new shares in stock offering

* Plans to place existing and new shares in a share offering;

from Reuters: New Issues News https://ift.tt/2W9w5Xv

UPDATE 2-JD Sports to buy Footasylum at half its float price

* Footasylum shares trading below offer price (Adds details of IPO, share price, analyst comment)

from Reuters: New Issues News https://ift.tt/2Cq2XEa

REFILE-UPDATE 4-HK suspends UBS sponsor licence, fines it and others $100 mln for IPO failures

* Action against banks for China Forestry, Tianhe Chemicals IPOs

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

Aston Martin boss' total remuneration stands at 3 million pounds in 2018

The total remuneration for the boss of luxury carmaker Aston Martin stood at 3 million pounds ($4 million) in 2018, according to the firm's annual report.

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

UPDATE 4-HK suspends UBS sponsor licence, fines it and others $100 mln for IPO failures

* Action against banks for China Forestry, Tianhe Chemicals IPOs (Adds quote, details of due diligence failings)

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

UPDATE 1-Payments processor Network International readies London listing

Network International, the largest payment processing firm across the Middle East and Africa, plans to list on the London Stock Exchange, it said on Thursday.

from Reuters: New Issues News https://ift.tt/2Fa0z62

Payments processor Network International plans London listing

Network International, the largest payment processing firm across the Middle East and Africa, said on Thursday it planned to list on the London Stock Exchange.

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

UPDATE 1-Uber hires more IPO underwriters as it prepares to go public -sources

Ride-hailing startup Uber Technologies Inc has hired a string of investment banks to its syndicate of initial public offering underwriters, as it ramps up preparations for a stock market debut, people familiar with the matter said on Tuesday.

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

Uber hires more IPO underwriters as it prepares to go public -sources

Ride-hailing startup Uber Technologies Inc has hired a string of investment banks to its syndicate of initial public offering underwriters, as it ramps up preparations for a stock market debut, people familiar with the matter said on Tuesday.

from Reuters: New Issues News https://ift.tt/2T0UPzi

UPDATE 2-BioNTech hires banks for IPO worth up to $800 million -sources

* IPO eyed in Q4 or early 2020-sources (Adds BioNTech comment)

from Reuters: New Issues News https://ift.tt/2HfpAz5

UPDATE 1-BioNtech hires banks for IPO worth up to $800 million -sources

BioNTech, Europe's largest unlisted biotech firm by staff numbers, has hired banks to prepare for an initial public offering (IPO) worth as much as $800 million as early as this year, people familiar with the plan told Reuters.

from Reuters: New Issues News https://ift.tt/2J4YUmm

Biontech stock offering could be worth as much as $800 million-sources

German's BionTech, Europe's largest unlisted biotech firm by staff numbers, has hired banks to prepare for an initial public offering (IPO) as early as this year, people familiar with the plan told Reuters.

from Reuters: New Issues News https://ift.tt/2UCed7C

Qatar Islamic Bank hires banks ahead of dollar sukuk - IFR

Qatar Islamic Bank, the Gulf state's largest sharia-compliant lender by assets, has hired banks ahead of a potential issue of U.S. dollar-denominated sukuk, or Islamic bonds, according to IFR, a fixed income news service.

from Reuters: New Issues News https://ift.tt/2T1IGtP

Interserve set for pre-pack administration if debt deal fails -source

Banks for Interserve have lined up a so-called pre-pack administration that will wipe out existing shareholders but enable the troubled outsourcer to keep operating, a person familiar with the situation said on Saturday.

from Reuters: New Issues News https://ift.tt/2NTy9Ab

UPDATE 4-Qatar sells triple-tranche jumbo bond to raise $12 billion

Qatar sold $12 billion in bonds on Wednesday, and drew around $50 billion in demand - the largest order book globally since its bond sale last year and the latest indication of how the country has overcome a boycott imposed by some of its Arab neighbours.

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

UPDATE 3-Qatar gets over $35 bln in orders as it markets jumbo bond

Qatar started marketing on Wednesday a U.S. dollar-denominated bond issue that so far attracted over $35 billion in demand, the latest indication of how the country has overcome a boycott imposed by some of its Arab neighbours.

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

RPT-UPDATE 2-Qatar takes advantage of market conditions to sell jumbo bond

Qatar started marketing on Wednesday a U.S. dollar-denominated bond issue which is expected to attract hefty demand, the latest indication of how the country has overcome a boycott imposed by some of its Arab neighbours.

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

UPDATE 2-Qatar takes advantage of market conditions to sell jumbo bond

Qatar started marketing on Wednesday a U.S. dollar-denominated bond issue which is expected to attract hefty demand, the latest indication of how the country has overcome a boycott imposed by some of its Arab neighbours.

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

UPDATE 1-Qatar starts marketing multi-tranche dollar bond

Qatar, the world's largest exporter of liquefied natural gas, started marketing on Wednesday a U.S. dollar-denominated bond issue split into tranches of five, 10 and 30 years.

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

UPDATE 1-Britain's Interserve rejects Coltrane's new rescue plan

Interserve said on Tuesday it had rejected a rescue plan put forward by its largest shareholder Coltrane Asset Management because it believed the proposal risked the future of the outsourcer in its fight for survival.

from Reuters: New Issues News https://ift.tt/2NMZ0xS

UPDATE 4-Qatar targets around $10 billion with jumbo bond issue, sources say

Qatar is expected to announce this week a jumbo international bond issue worth around $10 billion, sources familiar with the matter said on Tuesday.

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

UPDATE 3-Qatar targets around $10 billion with jumbo bond issue, sources say

Qatar is expected to announce this week a jumbo international bond issue worth around $10 billion, sources familiar with the matter said on Tuesday.

from Reuters: New Issues News https://ift.tt/2VFw3qn

UPDATE 2-Qatar targets around $10 billion with jumbo bond issue, sources say

Qatar is expected to announce this week a jumbo international bond issue worth around $10 billion, sources familiar with the matter said on Tuesday.

from Reuters: New Issues News https://ift.tt/2GZhV86

UPDATE 2-Interserve considers alternative rescue plan from top investor

Interserve Plc said on Monday it was considering an updated proposal from its largest shareholder Coltrane Asset Management, as the loss-making British support services group tries to tackle its debt mountain.

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

UPDATE 1-Ireland's AIB hikes dividend as full-year profits slip

Allied Irish Banks will raise its dividend for the second successive year since resuming payments following the financial crisis, the bank said on Friday after reporting 1.4 billion euros ($1.59 billion) in pre-exceptional 2018 profits.

from Reuters: New Issues News https://ift.tt/2BX2V6g

Ireland's AIB hikes dividend as full-year profits slip 5 percent

Allied Irish Banks will raise its dividend for the second successive year since resuming payments following the financial crisis, the bank said on Friday after reporting 1.4 billion euros ($1.59 billion) in pre-exceptional 2018 profits.

from Reuters: New Issues News https://ift.tt/2T5zCt0

Italian payments firm Nexi readies $9 bln IPO in mid-April -sources

Nexi's advisers are working flat out to list the Italian banking services provider in April, hoping to complete Europe's biggest share sale of 2019 while market conditions allow, sources told Reuters.

from Reuters: New Issues News https://ift.tt/2tFBv0t

UPDATE 3-Sunrise hits snag after announcing $6.3 bln deal for Liberty Global's Swiss assets

* Sunrise shareholder Freenet says will skip cash call (Recasts after Freenet says it will skip cash call)

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

UPDATE 2-Sunrise challenges Swisscom with $6.3 bln deal for Liberty Global's assets

* Sunrise deal a challenge to dominant Swisscom (Adds CEO comment, details about ratings and integration cost)

from Reuters: New Issues News https://ift.tt/2GTJ2RQ

CVC seeks 800 mln euro valuation in AR Packaging IPO - sources

Private equity firm CVC is preparing AR Packaging for a listing this year that could value the Swedish cigarette pack maker at 700 million to 800 million euros ($795 million-$909 million), people close to the matter said.

from Reuters: New Issues News https://ift.tt/2tFF9r7

UPDATE 1-Telecom Italia, Vodafone agree network deal to speed up 5G deployment

Telecom Italia and Vodafone said on Thursday they plan to enter into a new infrastructure sharing partnership to enable faster deployment of fifth-generation mobile phone services over a wider geographic area and at a lower cost.

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

Bahrain's Mumtalakat set to raise $600 mln in sukuk

Bahrain's sovereign wealth fund Mumtalakat is set to raise $600 million in sukuk, or Islamic bonds, with a 5.625 percent yield, a document issued by one of the banks leading the deal showed.

from Reuters: New Issues News https://ift.tt/2Ek1dNY

Bahrain's Mumtalakat starts marketing dollar sukuk

Bahrain's sovereign wealth fund Mumtalakat started marketing its planned five-year U.S. dollar Islamic bonds, or sukuk, with an initial yield guidance of around 6.25 percent, a document issued by one of the banks leading the deal showed.

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

UPDATE 1-Norwegian Air's owners approve deep-discount share sale

Norwegian Air's shareholders overwhelmingly endorsed on Tuesday the lossmaking airline's plan for a deeply discounted cash call to help bolster its finances, Chairman Bjoern Kise said.

from Reuters: New Issues News https://reut.rs/2BKzbd0

UPDATE 2-Norwegian Air sets big discount for share sale

* Shares to be priced at 33 crowns vs Friday's close of 97.34

from Reuters: New Issues News https://reut.rs/2T0urto

UPDATE 1-Norwegian Air shares fall as CEO, chairman sell subscription rights

Shares in Norwegian Air fell on Monday after its chief executive and board chairman agreed to sell some of their subscription rights to a share issue at a discount, in a deal that will help the loss-making carrier raise cash.

from Reuters: New Issues News https://www.reuters.com/article/norwegian-air-shareissue/update-1-norwegian-air-shares-fall-as-ceo-chairman-sell-subscription-rights-idUSL5N20D1GT?feedType=RSS&feedName=newIssuesNews

Warehouser Segro raises 450 mln pounds from new shares, flags no-deal Brexit risks

Segro Plc will issue new shares to raise about 450 million pounds ($576.45 million) for investment in a pipeline of UK and European projects, the developer and manager of warehouses and industrial properties said on Friday.

from Reuters: New Issues News https://reut.rs/2GIMqxX

UPDATE 3-Germany's JAB plans to list unit owning Keurig, Dr Pepper

Family owned JAB Holding Co, which has several coffee and restaurant brands is planning to list the business that owns Keurig, Dr Pepper, Peet's Coffee and JDE coffee brands, the company said on Thursday.

from Reuters: New Issues News https://reut.rs/2Sycsv0

RPT-UPDATE 1-Banco Santander opts to roll-over CoCo bond

Banco Santander on Tuesday opted not to call a 1.5 billion euro ($1.7 billion) additional tier one (AT1) bond once the deadline expired, becoming the first European lender not to redeem this kind of hybrid debt that can be converted into equity.

from Reuters: New Issues News https://reut.rs/2GGtBf2

UPDATE 1-Banco Santander opts to roll-over CoCo bond

Banco Santander on Tuesday opted not to call a 1.5 billion euro ($1.7 billion) additional tier one (AT1) bond once the deadline expired, becoming the first European lender not to redeem this kind of hybrid debt that can be converted into equity.

from Reuters: New Issues News https://reut.rs/2S0eHSA

Banco Santander opts to roll-over Coco bond

Banco Santander on Tuesday opted not to call a 1.5 billion euros ($1.70 billion) bond once the deadline expired, becoming the first European lender not to redeem this kind of hydrid debt that can be converted into equity.

from Reuters: New Issues News https://reut.rs/2thnS7n

Swedish buyout group EQT to sell stake in pet care group IVC -sources

Buyout group EQT is set to sell a 20 percent to 25 percent stake in Independent Vetcare Group (IVC) to institutional investors in deal that will value one of Europe's biggest veterinary services providers at over 1.5 billion euros ($1.7 billion), two sources told Reuters.

from Reuters: New Issues News https://reut.rs/2Ds91vE

Bahrain's Mumtalakat hires banks for dollar sukuk

Bahrain's sovereign wealth fund Mumtalakat has hired banks to arrange fixed income investor metings ahead of a potential issue of five-year sukuk, or Islamic bonds, denominated in U.S. dollars, a document issued by one of the banks showed.

from Reuters: New Issues News https://reut.rs/2I5MNVQ

MOVES-Barclays hires internet banker from Deutsche Bank

Barclays Plc said on Thursday it hired Riaz Ladhabhoy, an investment banker from Deutsche Bank to be the co-head of internet banking in the Americas, a move that comes ahead of a wave of IPOs expected in the sector this year.

from Reuters: New Issues News https://reut.rs/2Gt0nQq

Former Newton Investment fund manager fined

A former fund manager at Newton Investment Management has been fined more than 30,000 pounds ($40,000) for attempting to influence competitors during share sales, demonstrating a lack of due skill and care, the British regulator said on Tuesday.

from Reuters: New Issues News https://reut.rs/2HRH7hO

UPDATE 1-UK to sell 2.5 bln stg of 2041 linker after sale via syndication

Britain will sell 2.5 billion pounds of a 20-year index-linked gilt on Tuesday after attracting orders worth more than 19.6 billion pounds at a sale via syndication, one of the deal's bookrunners said.

from Reuters: New Issues News https://reut.rs/2TxJjfM

Books close on UK's sale via syndication of 2041 linker

Books closed at a sale via syndication of the 0.125 percent 2041 index-linked gilt on Tuesday, which took more than 18 billion pounds of orders, one of the deal's bookrunners said.

from Reuters: New Issues News https://reut.rs/2RFon4V

UPDATE 1-Italy's Nexi to pick 13 banks for Milan listing - sources

Italian banking service provider Nexi will hire 13 banks to run what could be Italy's biggest initial public offering in three years, sources with knowledge of the plan said.

from Reuters: New Issues News https://reut.rs/2Rz1Fvg

UPDATE 3-Norwegian Air seeks to raise $350 mln after suitor walks away

* Shares drop as much as 30 pct https://tmsnrt.rs/2TpKIoZ (Adds graphic, quote, detail)

from Reuters: New Issues News https://reut.rs/2MDhTCO

UPDATE 2-Loss-making Norwegian Air seeks $350 mln in share sale

* Shares plunge 30 pct in early trade (Adds analyst, background, bullet points)

from Reuters: New Issues News https://reut.rs/2FVFfmz

UPDATE 1-Norwegian Air plans share issue, Fredriksen to take stake

Norwegian Air plans to raise 3 billion Norwegian crowns ($353 million) in a share issue to strengthen its balance sheet, the loss-making budget airline said in a statement on Tuesday.

from Reuters: New Issues News https://reut.rs/2TiFGu5

UPDATE 1-Qatar National Bank hires arrangers for U.S. dollar bond -sources

Qatar National Bank (QNB), the largest lender by assets in the Middle East and Africa, is planning to issue U.S. dollar-denominated bonds and has hired banks to arrange the debt sale, sources familiar with the matter said.

from Reuters: New Issues News https://reut.rs/2SaqCRX

Greece to issue 5-year bond "in near future" - bourse filing

Greece will return to bond markets with a five-year issue "in the near future, subject to market conditions", authorities said on Monday.

from Reuters: New Issues News https://reut.rs/2B7sYaq

UK DMO names bookrunners for linker sale via syndication

Barclays, Bank of America-Merrill Lynch, Deutsche Bank and RBC will act as joint bookrunners for a sale via syndication of the 0.125 percent 2041 index-linked gilt, Britain's debt agency said on Friday.

from Reuters: New Issues News https://reut.rs/2MukSgz

UPDATE 2-Boss of UK builder Kier goes after share sale snub

* UK outsourcing firms struggling after Carillion collapse (Adds details, shares)

from Reuters: New Issues News https://reut.rs/2T81WXw

UPDATE 2-Dubai property developers put bond plans on hold -sources

* Dubai property prices have slid since mid-2014 peak (Adds comment from DAMAC)

from Reuters: New Issues News https://reut.rs/2T0NAZa

UPDATE 1-Dubai property developers put bond plans on hold -sources

* Dubai property prices have slid since mid-2014 peak (Adds details about bond plans, Dubai property market)

from Reuters: New Issues News https://reut.rs/2AVasC2

Dubai property developers put bond plans on hold - sources

Dubai's Emaar Properties and state-owned developer Nakheel have put on hold plans to issue U.S. dollar-denominated bonds, Emaar and sources familiar with the bond issues said, amid a real estate downturn and volatility in emerging markets.

from Reuters: New Issues News https://reut.rs/2FDuO6X

UPDATE 2-UK retailer New Look's debt plan hits shares in parent Brait

* Parent firm Brait's shares fall more than 20 pct (Recasts, adds Brait share price, trader quote, detail, bullets)

from Reuters: New Issues News https://reut.rs/2TLSp8z

UPDATE 1-UK retailer New Look's restructuring to cut debt by 1 bln stg

Struggling British fashion retailer New Look has agreed a restructuring with debtholders to cut its debt by 1 billion pounds ($1.28 billion) as it seeks to position the group for a return to profitability.

from Reuters: New Issues News https://reut.rs/2FxUUHF

UK retailer New Look's restructuring to cut debt by 1 bln stg

British fashion group New Look said on Monday it had agreed a restructuring with debtholders to deleverage and strengthen its balance sheet.

from Reuters: New Issues News https://reut.rs/2AI5kBu

Norway's DNO raises Faroe Petroleum stake to more than 50 pct

Norwegian oil company DNO has raised its stake in Faroe Petroleum to more than 50 percent, it said on Wednesday, satisfying a key condition of its hostile bid for the British competitor.

from Reuters: New Issues News https://reut.rs/2RFy9bh

UPDATE 3-Carige gets state-backed funding after government U-turn

* Italy government to provide debt guarantee to support liquidity

from Reuters: New Issues News https://reut.rs/2Twx96y

UPDATE 4-Norway's DNO raises Faroe Petroleum bid to $816 million

Norwegian oil company DNO ASA raised its bid for Britain's Faroe Petroleum to 641.7 million pounds ($816 million) on Tuesday, lifting its cash offer to 160 pence per share from 152 pence.

from Reuters: New Issues News https://reut.rs/2FifewB

UPDATE 3-Norway's DNO raises Faroe Petroleum bid to $816 million

Norwegian oil company DNO ASA raised its bid for Britain's Faroe Petroleum to 641.7 million pounds ($816 million) on Tuesday, lifting its cash offer to 160 pence per share from 152 pence.

from Reuters: New Issues News https://reut.rs/2CX30b0

REFILE-EBRD taking IoIs for 3YR GBP FRN benchmark at Sonia+26

* IPTs SONIA+26bp area for benchmark size, pricing Weds. Due 16 Jan 2022, pay 16 Jan, English law, London listing, 1k denoms. (Jan 8) The European Bank for Reconstruction and Development, rated Aaa/AAA/AAA (with stable outlook), has mandated Barclays, JP Morgan (B&D), NatWest Markets for a GBP Benchmark 3-year Sonia-linked FRN. (Jan 8) (Reporting by Priscila Azevedo Rocha)

from Reuters: New Issues News https://reut.rs/2SJ7Myr

EBRD issues 600 mln euro green bond

* The European Bank for Reconstruction and Development (EBRD) has issued a five-year 600 million euro ($685 million) green bond, it said on Friday.

from Reuters: New Issues News https://reut.rs/2LQ5s6d

DNO adds to Faroe stake in hostile takeover saga

Norwegian oil company DNO has achieved another slight increase to its stake in Faroe Petroleum, it said on Friday as it continues its battle for control of the British business.

from Reuters: New Issues News https://reut.rs/2H3m23U

UPDATE 3-DNO requires fewer Faroe shareholders to back bid, boosting chance of success

* Shares of Faroe rise 4.7 pct, DNO up 7 pct (Adds investor, analyst, valuations, updates shares)

from Reuters: New Issues News https://reut.rs/2s8F1zr

UPDATE 2-DNO requires fewer Faroe shareholders to back bid after lifting stake

* Bid deadline extended to Jan. 18 (Recasts with DNO requiring lower acceptance rate)

from Reuters: New Issues News https://reut.rs/2R61Tie