UPDATE 3-Prudential sells Jackson equity stake to Apollo-backed Athene for $500 mln

* Disposal boosts capital cover ratio (Adds details on activist investor and quote)

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UPDATE 1-Islamic Development Bank sells $1.5 bln in 5-yr sukuk - document

The Jeddah-based Islamic Development Bank sold $1.5 billion in five-year sukuk on Thursday, a document showed, which it will use to finance projects in member countries responding to the coronavirus pandemic.

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UPDATE 2-Prudential sells Jackson equity stake to Apollo-backed Athene for $500 mln

Prudential sold a minority stake in its U.S. business, Jackson, to Apollo Global-backed Athene Holding for $500 million, the insurer said on Thursday, in the first phase of its plan to create an independent U.S. business. The London-listed, Asia-focused insurer, which is also regulated in Hong Kong, has been looking for ways to bring external capital into the U.S. annuity provider and said it would continue to evaluate options for the part of the business it still own

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Islamic Development Bank sets spread for 5-yr dollar sukuk - document

The Jeddah-based Islamic Development Bank set the spread for its five-year U.S. dollar-denominated sukuk at 55 basis points over midswaps, a bank document showed on Thursday, tightening by 15 bps from where it began marketing the sale on Wednesday.

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Prudential sells Jackson equity stake to Apollo-backed Athene for $500 mln

Prudential has sold a minority stake in its U.S. business, Jackson, to Apollo Global-backed Athene Holding for $500 million, the insurer said on Thursday, in the first phase of its plan to exit the U.S. insurance market. The London-listed, Asia-focused insurance firm, which is also regulated in Hong Kong has been looking for ways to offload the U.S. annuity provider and said it would continue to evaluate other options for the part of Jackson it still owned, including

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Islamic Development Bank tightens guidance for 5-yr dollar sukuk - document

The Jeddah-based Islamic Development Bank tightened price guidance for its five-year U.S. dollar-denominated sukuk to 60 bps plus or minus 5 bps over midswaps, a bank document showed on Thursday.

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Nationalised Alitalia will not be in competition with low costs-minister

A new, state-controlled Alitalia will not be in competition with the low-cost carriers operating in the country, Italy's transport minister said after meeting with officials of Ryanair, Easyjet and other airlines.

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UPDATE 1-Sharjah Islamic Bank sells $500 million in five-year sukuk - document

Sharjah Islamic Bank sold $500 million in five-year U.S. dollar-denominated sukuk at 2.85% on Tuesday, a document showed.

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Sharjah Islamic Bank to sell $500 mln in 5-yr dollar sukuk -document

Sharjah Islamic Bank is expected to sell $500 million in five-year U.S. dollar-denominated sukuk at 2.9% plus or minus 5 basis points, a document showed on Tuesday.

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First Abu Dhabi Bank sells 1.4 bln Chinese yuan in 5-yr Formosa bonds - document

First Abu Dhabi Bank sold 1.4 billion Chinese yuan ($197.3 million) in five-year Formosa bonds at 3.5%, a document showed on Monday.

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DIARY - Italy to July 31

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REFILE-UPDATE 1-China Pacific Insurance launches up to $2.15 billion London listing

China Pacific Insurance launched a London listing on Friday to raise up to $2.15 billion, reviving a scheme to build investment links between the two countries after a series of delays.

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China Pacific Insurance launches up to $2.15 billion London listing

China Pacific Insurance has opened order books on a planned London listing to raise between $1.99-$2.15 billion dollars, according to a lead manager.

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UPDATE 1-Ocado boosts firepower with 1 bln stg capital raise

Ocado, the British online supermarket and technology group, plans to raise 1 billion pounds ($1.3 billion), giving it more firepower to capitalise on the rapid growth of the online grocery market triggered by the coronavirus crisis.

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Britain's Ocado to raise 1 bln pounds in equity and bond issue

Ocado, the British online supermarket and technology group, plans to raise just over 1 billion pounds ($1.3 billion) through an equity raise and bond issue to give it the firepower to take advantage of future opportunities.

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DIARY - Italy to July 31

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DIARY - Italy to July 31

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DIARY - Italy to July 31

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UPDATE 1-First Abu Dhabi to redeem $750 mln in perpetual bonds -filing

First Abu Dhabi Bank intends to redeem its $750 million Additional Tier 1 (AT1) bonds on their first call date, June 17, it said in a London Stock Exchange filing on Thursday.

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First Abu Dhabi to redeem $750 mln perpetual bonds -filing

First Abu Dhabi Bank intends to redeem its $750 million Additional Tier 1 (AT1) bonds on their first call date, it said in a London Stock Exchange filing on Thursday.

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UPDATE 2-Travel food firm SSP boasts liquidity as virus harms sales

* Shares up more than 3% (Adds analyst comment, details on results, liquidity, updates shares)

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DIARY - Italy to July 31

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China Pacific Insurance to press on with London listing under connect scheme

China Pacific Insurance is pressing ahead with a London listing under a stock link scheme between Britain and China, it said on Tuesday, defying the market turmoil wrought by COVID-19.

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UPDATE 1-First Abu Dhabi Bank sells $500 mln in Formosa bonds

First Abu Dhabi Bank, the United Arab Emirates' largest lender, last month sold $500 million in privately placed 30-year Formosa bonds which had a 0% coupon.

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UPDATE 2-Emirate of Sharjah sells $1 bln 7-year dollar sukuk

Sharjah, the third-largest emirate of the United Arab Emirates, sold $1 billion in seven-year sukuk, or Islamic bonds, on Tuesday, according to a document from one of the banks arranging the deal.

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UPDATE 1-Fiat Chrysler to list robot-making business after PSA merger

Fiat Chrysler (FCA) said it planned to list robot making business, giving more detail on Monday about the future of Turin-based Comau, which it already planned to spin off.

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DIARY - Italy to July 31

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Gambling group Flutter raises 812 million pounds in share placement

Paddy Power, Betfair and Poker Stars owner Flutter Entertainment has raised 812 million pounds via a share placement that will see U.S. media group Fox Corp increase its investment in the world's largest online betting group.

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UPDATE 1-Fox Corp increases investment in gambling group Flutter via share placement

Paddy Power and Betfair's parent Flutter Entertainment announced a share placement on Thursday that will see U.S. media group Fox Corp increase its investment in the group.

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EasyJet not planning equity raise, doesn't rule it out in future-CEO

Britain's easyJet is not planning on raising new equity currently but its chief executive did not rule it out in future as the low-cost airline seeks to survive the coronavirus pandemic which has wiped out air travel.

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DIARY - Italy to June 30

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Egypt gets over $12 bln in orders for three-tranche bonds, tightens guidance - document

Egypt tightened its price guidance on three-tranche dollar bonds it began marketing on Thursday and has received more than $12 billion in orders for the debt sale, a document showed.

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UPDATE 2-Premier Inn owner Whitbread's $1.2 bln cash call knocks shares

Shares in Premier Inn owner Whitbread Plc tumbled 16% on Thursday after it said it would seek 1.01 billion pounds ($1.2 billion) in fresh cash from shareholders to help weather the COVID-19 crisis.

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DIARY - Italy to June 30

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Idorsia raises $340 mln in new share offering

Idorsia has raised 330 million Swiss francs ($340.31 million) from a share offering, the Swiss drugmaker said on Wednesday, as it bolsters its coffers for the planned launch of an insomnia drug and for research and development.

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UPDATE 4-Compass raises 2 billion pounds as pace of recovery in question

* Shares fall as much as 11% (Updates with final pricing, analyst comment)

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UPDATE 3-Compass shares drop as it seeks cash to cope with crisis

* Shares fall as much as 11% (Updates with indications on issue price, deeper share falls)

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UPDATE 2-Britain's Compass launches equity offer as lockdowns hit caterer

* Shares fall as much as 4.8% (Adds CEO quotes from interview, shares, background)

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UPDATE 1-Compass launches 2 bln pound equity raise as lockdowns hit caterers

The world's largest caterer Compass Group launched a 2 billion pound ($2.44 billion) share offer on Tuesday, seeking to shore up its liquidity as the coronavirus crisis closes food service operations in thousands of offices and schools.

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Compass launches 2 bln pound equity raise as lockdowns hit caterers

The world's largest caterer Compass Group launched a 2 billion pound ($2.44 billion) share offer on Tuesday, seeking to shore up its liquidity as the coronavirus crisis continues to keep many of its food service operations in offices and schools closed.

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MIDEAST DEBT-First Abu Dhabi Bank faces pressure to redeem AT1 bonds - sources

First Abu Dhabi Bank (FAB), the UAE's largest lender, is likely to come under pressure to redeem $750 million in perpetual bonds in June, even though not calling them would be cheaper for the lender, five banking sources said.

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UPDATE 2-Premier Oil in talks with BP to cut price for North Sea oilfields

Premier Oil is asking BP to cut the sale price of two North Sea oilfields in a proposed $625 million deal due to weak oil prices, Chief Executive Tony Durrant said on Wednesday.

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UPDATE 1-Premier oil expects to be cash flow neutral in 2020

Oil and gas producer Premier Oil said on Wednesday that it expects to be free cash flow neutral this year due to weak oil prices, adding it would engage with stakeholders over extending debt maturities and raising equity.

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UPDATE 3-Mubadala sells $4 bln in three-tranche bonds

* Pricing tightened by 40-42.5 bps from initial guidance (Adds launch, final pricing, demand, background)

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Mubadala launches $4 bln in three-tranche bonds - document

Abu Dhabi's state fund Mubadala launched $4 billion in a three-tranche bond issuance on Tuesday, for which it received more than $23.5 billion in orders, a document from one of the banks leading the issuance showed.

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UPDATE 2-Mubadala expected to sell $3-4 bln of bonds, tightens price guidance -document

Abu Dhabi's state fund Mubadala is expected to sell $3 billion to $4 billion in a three-tranche bond offering having received more than $17 billion in orders for the deal, a document from one of the banks leading the issuance showed on Tuesday.

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Mubadala expected to sell $3 bln - $4 bln in three-tranche bonds - document

Abu Dhabi's state fund Mubadala was expected to sell $3 billion to $4 billion in a three-tranche bond offering and has received more than $17 billion in combined orders for the deal, a document showed on Tuesday.

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Mubadala gets around $9.5 bln in orders for three-tranche bonds -sources

Abu Dhabi's state fund Mubadala has received around $9.5 billion in combined orders for its planned three-tranche dollar bond, two sources said on Tuesday.

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Mubadala hires banks for three-tranche bond issue -sources

Abu Dhabi state fund Mubadala has hired banks for a potential three-tranche bond issue consisting of six and 10-year conventional bonds and 30-year dual-listed Formosa bonds, sources said on Monday.

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UPDATE 2-National Express raises $290 million in equity to ride out pandemic

Train and bus company National Express Group raised about 235 million pounds ($290.93 million) in new equity on Wednesday to help it ride out the COVID-19 pandemic.

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MIDEAST DEBT-Gulf debt market shows signs of recovery as issuers line up

* Islamic Development Bank has hired banks for potential deal

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UPDATE 2-Junk-rated Bahrain to brave markets with dollar bond issues

Bahrain has hired banks for a potential dual-tranche dollar bond issue, banking sources said, as the junk-rated Gulf oil producer seeks to raise cash amid the new coronavirus outbreak and historically low oil prices.

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National Express plans equity raise to reinforce balance sheet

British transport firm National Express Group said on Wednesday it plans to raise equity of around 20% of its issued capital to shore up its balance sheet as it secured debt waivers through 2020 to help its business during the COVID-19 pandemic.

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UPDATE 1-Insurer Hiscox to raise capital as premiums rise

Lloyd's of London insurer Hiscox on Tuesday said it would raise capital through a share placement to take advantage of a rise in premium rates.

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Insurer Hiscox to raise capital via placement amid COVID-19 crisis

Lloyd's of London insurer Hiscox on Tuesday said it would raise capital through a share placement amid a potential hike in business interruption claims in the wake of the coronavirus crisis.

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UPDATE 1-Virus-hit Madame Tussauds owner raises 500 million euros in bond sale

The firm behind Madame Tussauds and Legoland parks raised 500 million euros ($540 million) via a five-year bond on Friday, paying a high yield of 7% to secure the funds it needs to tide it over while most of its venues are closed in the coronavirus pandemic.

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Virus-hit Madame Tussauds owner seeks 500 million euros in bond sale

The firm behind Madame Tussauds and Legoland parks is looking to raise 500 million euros ($540 million) in a bond sale, offering a high interest rate to try to secure funds to tide it over while most of its venues are closed in the coronavirus pandemic.

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Italy - Factors to watch on April 24

The following factors could affect Italian markets on Friday.

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Takeaway issues shares after watchdog gives Just Eat buy final approval

Europe's largest online food ordering service Just Eat Takeaway.com NV moved quickly to shore up its finances with an overnight share and convertible bond issue, as Britain's competition watchdog gave the company's merger final approval.

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Bank of England mandates banks for bond issuance

The Bank of England said on Wednesday it had mandated BofA Securities, HSBC, RBC Capital Markets and TD Securities as joint lead managers for an annual bond issuance to finance its foreign exchange reserves.

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UPDATE 1-UK's DFS Furniture plans equity raise, more debt to get through coronavirus crisis

British sofa retailer DFS Furniture is preparing an equity issue of up to 19.9% of its existing share capital and negotiating an additional debt facility of 60-70 million pounds ($75-87 million) to get it through the coronavirus crisis.

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UPDATE 2-UK property agent Foxtons taps markets for additional cash, furloughs employees

* Shares surge 15.9% to 44.5 pence (Adds details on share sale, shares)

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BAE Systems plans to raise $1.3 billion in bonds due 2030

Britain's BAE Systems is seeking to raise $1.3 billion in bonds to fund its employee benefit plans and repay debt, the company said on Wednesday, as it braced any blow from the coronavirus outbreak.

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UK fashion retailer ASOS raises 247 mln stg in placing

British online fashion retailer ASOS Plc said it had raised 247 million pounds ($304 million) via a placing, to help it shore up its finances in case of a prolonged business downturn from the coronavirus pandemic.

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UPDATE 2-UK retailer ASOS shores up finances as coronavirus hits sales

* Placing of new shares representing 18.8% of existing equity

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UPDATE 1-Retailer ASOS plans equity increase, more debt, to weather coronavirus crisis

British online fashion retailer ASOS said on Tuesday it was close to finalising a potential equity increase and extension to its debt facilities to ensure it can endure the coronavirus emergency.

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Britain's ASOS plans equity raise, extension of debt facilities

British online fashion retailer ASOS said on Tuesday it was close to finalising a potential equity raise and extension to its debt facilities to ensure it can weather the coronavirus emergency.

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Qatar gets over $41 bln in orders for bonds, tightens guidance - sources

Qatar received over $41 billion in combined orders for a planned issue of dollar-denominated bonds in tranches of five, 10 and 30 years, two sources said on Tuesday.

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Britain's WH Smith to raise equity to get it through coronavirus crisis

British books, newspaper and stationery retailer WH Smith said on Monday it had secured new lending facilities of 120 million pounds ($147 million) to get it through the coronavirus crisis which are conditional on raising new equity.

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BRIEF-Edison Revises Deal To Sell Edison Exploration And Production To Energean Oil And Gas

* SAID ON THURSDAY BOARD APPROVED REVISION TO THE AGREEMENT FOR THE SALE OF EDISON EXPLORATION AND PRODUCTION (E&P) TO ENERGEAN OIL AND GAS

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UPDATE 2-Auto Trader issues 186 mln pounds in new shares to shore up cash

UK online car marketplace Auto Trader said on Wednesday it is seeking to raise about 186 million pounds ($230 million) in an equity placement from institutional investors in a bid to shore up cash during the coronavirus crisis.

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UPDATE 1-Auto Trader plans equity raise to shore up cash

UK online car marketplace Auto Trader said on Wednesday it would sell up to 46.5 million new shares, worth 5% of its share capital, to institutional investors in a bid to shore up cash during the coronavirus crisis.

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Travel food firm SSP cuts jobs, seeks funds as sales crash

British travel-food company SSP launched emergency measures to prop up its business on Wednesday, including layoffs and applying for support under the government's coronavirus schemes, saying its business in Europe had plunged as much as 85%.

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UPDATE 1-Companies rush to debt market as Fed eases funding logjam

* Cost of insuring against junk bond defaults drops (Updates to include broader market funding indicators)

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BofA says 24 firms elegible for bond-buying schemes of both ECB and BOE

Daimler and Deutsche Telekom are among 24 firms that stand to benefit the most from central bank asset-purchase schemes as their debt is eligible for the UK as well as euro zone stimulus programmes, investment bank BofA said on Friday.

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UPDATE 2-Hotel Chocolat agrees share issue ahead of coronavirus hit

British chocolatier Hotel Chocolat said on Friday it had agreed to issue new shares to inject 22 million pounds into the business, as it faces having to close its cafe and store locations due to Britain's spreading coronavirus outbreak.

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UPDATE 1-Hotel Chocolat agrees share issue ahead of coronavirus hit

British chocolatier Hotel Chocolat said on Friday it had agreed an issue of new shares that would inject 20 million pound into the business, as it faces having to close its cafe and store locations due to Britain's coronavirus lockdown.

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Hotel Chocolat agrees share issue ahead of coronavirus hit

British chocolatier Hotel Chocolat said on Friday it had agreed an issue of new shares that would inject 20 million pound into the business, as it faces having to close its cafe and store locations due to Britain's coronavirus lockdown.

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Bankers and lawyers prepare for spate of company rescues as coronavirus bites

Law firms and banks are scrambling to retrain senior staff in restructuring so they can help dozens of companies looking to raise emergency funds and rearrange debts as the coronavirus pandemic eats into corporate cash.

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AMS falls below rights issue price in fresh challenge to Osram takeover

AMS shares fell below the price at which the Austrian sensor maker is raising new equity on Monday, in the latest hurdle to its planned purchase of German lighting group Osram.

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Ninety One focusing on managing fund liquidity-CEO

Ninety One was focusing on making sure its funds have sufficient liquidity in volatile markets, its chief executive said on Monday, the asset manager's first day as a separate listed company after demerging from parent Investec.

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UPDATE 1-Bets against Tullow Oil shares at highest in over a year - data

* Bets against Premier Oil shares also rising (Adds graphic, no changes to text)

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Bets against Tullow Oil shares at highest in over a year - data

Short positions on Tullow Oil shares hit a more than 15-month high on Monday, data from industry tracker FIS' Astec Analytics showed, in a sign of investors growing pessimism over the company's prospects ahead of its 2019 results on Thursday.

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UPDATE 3-Prudential to float part of U.S. business as Third Point demands sale

* Minimal exposure to coronavirus claims in Asia -CEO (Adds no comment from Third Point, updates shares)

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UPDATE 2-Prudential to float part of U.S. business to head off Third Point demands

* Shares up 0.5% (Adds comments from media call, background, analyst, updates shares)

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UPDATE 1-Prudential plans IPO of U.S. business as 2019 profits rise 20%

Britain's largest insurer Prudential said on Wednesday it was planning an initial public offering of part of its U.S. business as it fights demands from rebel investor Third Point to offload the whole of the business.

from Reuters: New Issues News https://ift.tt/3cNFvB7

Prudential plans IPO of U.S. business as 2019 profits rise 20%

Britain's largest insurer Prudential said on Wednesday it was planning an initial public offering of part of its U.S. business as it reported a 20% rise in adjusted operating profit to $5.3 billion.

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CORRECTED-Debt sales make a comeback after coronavirus shutdown

Companies took advantage of a window of opportunity on Tuesday to launch debt sales on both sides of the Atlantic, after coronavirus concerns chilled deal markets last week.

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CORRECTED-Debt sales make a comeback after coronavirus shut-down

Companies took advantage of a window of opportunity on Tuesday to launch debt sales on both sides of the Atlantic, after coronavirus concerns chilled deal markets last week.

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

RPT-Debt sales make a comeback after coronavirus shut-down

Companies took advantage of a window of opportunity on Tuesday to launch debt sales on both sides of the Atlantic, after coronavirus concerns chilled deal markets last week.

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Debt sales make a comeback after coronavirus shut-down

Companies took advantage of a window of opportunity on Tuesday to launch debt sales on both sides of the Atlantic, after coronavirus concerns chilled deal markets last week.

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NMC Health hires Moelis for debt restructuring - sources

NMC Health, the UAE healthcare company, has hired Moelis & Co to advise on a debt restructuring, three sources familiar with the matter said on Sunday.

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Deutsche Bahn delays plans to float international railway group Arriva - sources

German state-owned rail operator Deutsche Bahn is delaying plans for an initial public offering (IPO) of its international passenger transport business Arriva, company sources said.

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REFILE-UPDATE 1-UK picks Charles Donald to run agency managing RBS stake

UK Government Investments, which manages taxpayers' stake in Royal Bank of Scotland, has appointed Charles Donald as Chief Executive.

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UPDATE 1-UK picks Charles Donald to run agency managing RBS stake

UK Government Investments, which manages taxpayers' stake in Royal Bank of Scotland, has appointed Charles Donald as Chief Executive.

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UK picks Charles Donald to run agency managing RBS stake

UK Government Investments, which manages taxpayers' stake in Royal Bank of Scotland, has appointed Charles Donald as Chief Executive.

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CORRECTED-Premier Oil creditors vote in favour of deals, new debt structure

Creditors of Premier Oil gave the indebted oil and gas producer their approval for $800 million of North Sea acquisitions under a scheme that would allow it to delay debt repayments and issue new shares.

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UPDATE 1-DRI Healthcare aims to raise up to $350 million in London IPO

DRI Healthcare, an investment company investing in healthcare royalty assets, is aiming to sell up to $350 million of shares in a planned initial public offering in London, it said on Wednesday.

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UPDATE 1-Kuwait's Boubyan Bank to sell $750 mln 5-yr sukuk

Kuwait's Boubyan Bank plans to sell $750 million in five-year sukuk, or Islamic bonds, at 120 basis points (bps) over mid-swaps, a document showed on Tuesday.

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UPDATE 2-Smart meter company Calisen gains 4% on London debut

British smart meter company Calisen gained 4% on its stock market debut on Friday, providing encouragement for other companies eyeing a London listing after a bruising 2019.

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UPDATE 1-Smart meter company Calisen gains 4% on London stock market debut

British smart meter company Calisen gained 4% on its stock market debut on Friday, providing encouragement for other companies eyeing a London listing after a bruising 2019.

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UPDATE 1-Smart meter firm Calisen aims for $1.8 bln London IPO

Calisen Group, which supplies smart meters to British households, is aiming to sell up to 408 million pounds ($536.28 million) of shares in its planned initial public offering, banks working on the deal said on Tuesday.

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Austria's AMS to place treasury stock to strengthen investor base

Sensor maker AMS, preparing for a capital increase to fund the takeover of Osram , plans to place its entire treasury stock prior to the equity issue to strengthen its investor base, it said on Tuesday.

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Calisen aims for market cap of up to 1.4 bln stg in London IPO

Calisen Group, which supplies smart meters to British households, is aiming to sell up to 408 million pounds ($536.28 million) of shares in its planned initial public offering, banks working on the deal said on Tuesday.

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Court allows Premier Oil creditors' to vote on planned deals on Feb. 12

Indebted Premier Oil won permission from a court on Thursday to have its creditors vote on planned acquisitions of North Sea assets for around $800 million under a scheme that would allow it to delay debt repayments and issue new shares.

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ALERT-Hyundai opens books on CHF300m no-grow 5yr at MS+78 area

LONDON, Jan 15 (IFR) - (Reporting by Jon Penner, IFR Markets)

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Bahrain’s Mumtalakat raises $500 mln in Islamic bonds

Bahrain's sovereign wealth fund Mumtalakat raised $500 million in sukuk, or Islamic bonds, on Tuesday, a document by one of the banks leading the deal showed.

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UPDATE 2-Smart meters firm Calisen to test London IPO waters

* Supplies smart energy meters to UK households (Adds CEO, sources, background)

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