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