IPOs

UPDATE 3-State-backed UK banks gain approval for capital plans

* Regulator finalises capital requirements for RBS, Lloyds

Deutsche Bank deepens Tier 2 market, next stop Tier 1

LONDON, May 22 (IFR) - Deutsche Bank added yet more depth to the burgeoning bank capital market this week with the sale of a brand new structure for Tier 2 debt that should now pave the way for the bank to sell Additional Tier 1 bonds over the next 12 months.

Bankruptcy 2:19pm BST

UPDATE 2-Miner Afferro agrees to $190 mln offer from IMIC

LONDON, May 22 - West Africa-focused miner Afferro has agreed to a $190 million cash-and-paper offer from investment group IMIC that could pave the way for development of its flagship iron ore project.

New Issue-Bremer LB prices 50 mln euro 2020 FRN

Borrower Bremer Landesbank Capital Markets PLC

11:30am BST

RBS says no need to issue contingent capital

LONDON, May 22 - Royal Bank of Scotland said on Wednesday it would not have to issue contingent capital to meet new regulatory demands and expects to meet the requirements through its existing business plan.

11:07am BST

RBS to issue statement on capital position shortly-sources

LONDON, May 22 - Royal Bank of Scotland will issue a statement on its capital position later on Wednesday morning, sources familiar with the situation told Reuters.

8:29am BST

Miner Afferro agrees to $190 mln offer from IMIC

LONDON, May 22 - West Africa-focused miner Afferro has agreed to a $190 million cash-and-paper offer from investment group IMIC, it said on Wednesday.

Lloyds says won't need to issue new equity, CoCos

LONDON, May 22 - Lloyds Banking Group said on Wednesday that it would be able to meet new capital requirements without having to issue new equity or contingent capital, having been informed of its position by Britain's financial regulator.

7:15am BST

Vodafone India exec says IPO unlikely this year

NEW DELHI, May 21 - A planned initial public offering of Vodafone Group Plc's Indian unit is unlikely this year, the unit's Chief Executive Marten Pieters said in New Delhi on Tuesday.

M&A 21 May 2013

Market Chatter-Corporate finance press digest

May 21 - The following corporate finance-related stories were reported by media on Tuesday:

M&A, Bonds, Regulatory News 21 May 2013
Deals

M&A ($B)

 
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