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