Edition:
United Kingdom

IPOs

UPDATE 1-Japan's SMBC Aviation Capital raises $500 mln in debut bond

DUBLIN, July 20 The aircraft leasing arm of Japan's Sumitomo Mitsui Banking Corp has raised $500 million in its debut bond offering in a bid to diversify funding options to pay for an order book of more than 200 planes, its chief executive said on Monday.

RPT-Gulf Keystone shares spike and plunge after junk bond deal

LONDON, July 19 Gulf Keystone's stock spiked and fell by a third on Tuesday as retail investors flooded chatrooms trying to figure out how junk bond funds led by former JP Morgan and Lehman Brothers traders will help restructure the oil firm.

Gulf Keystone shares spike and plunge after junk bond deal

LONDON, July 19 Gulf Keystone's stock spiked and fell by a third on Tuesday as retail investors flooded chatrooms trying to figure out how junk bond funds led by former JP Morgan and Lehman Brothers traders will help restructure the oil firm.

French competition authority clears Fnac-Darty deal

PARIS, July 18 France's competition authority on Monday approved plans by French music and book chain Fnac to take over consumer electronics retailer Darty .

M&A, Regulatory News 18 Jul 2016

SoftBank has "no immediate plans" to issue debt for ARM deal

LONDON, July 18 (IFR) - SoftBank Group said it has "no immediate plans" to issue fresh debt to back its acquisition of UK chip designer ARM Holdings for £24bn.

M&A, Bonds, Regulatory News 18 Jul 2016

Activist TCI takes SABMiller stake, investors scent sweetened offer

LONDON, July 18 The Children's Investment Fund Management (TCI) has taken a stake in SABMiller, the second activist to buy into the brewer in recent weeks, raising the prospect of a late push for improved takeover terms from AB InBev.

M&A, Regulatory News 18 Jul 2016

Japan's SoftBank agrees $32 billion deal to buy Britain's ARM

LONDON, July 18 Japan's SoftBank Group Corp has agreed to buy British chip designer ARM Holdings for 24.3 billion pounds ($32 billion), in a deal that will retain the company's management and grow its workforce.

M&A, Bonds, Regulatory News, Japan 18 Jul 2016

UK names syndicate for sale of 50-year index-linked gilt

LONDON, July 15 Britain's debt agency chose Goldman Sachs, HSBC, Royal Bank of Scotland and Santander on Friday as bookrunners for the sale of several billion pounds of 50-year inflation-linked government bonds later this month.

Regulatory News, Bonds 15 Jul 2016

UPDATE 2-Distressed funds set for big stakes in Gulf Keystone after debt swap

* Proceeds to be used to raise Shaikan production (Adds background, analyst comment, share and debt prices)

UPDATE 1-Motoring group AA prices share sale at 230p each - bookrunner

* AA Plc sells around 80 million of shares via accelerated bookbuild for undisclosed seller

Global Market Data, 14 Jul 2016