Edition:
United Kingdom

IPOs

HSBC plans "busy" 3 years of bond sales as TLAC looms

LONDON, May 3 (IFR) - HSBC said it expects to be "pretty busy" every quarter for the next three years as it faces having to issue up to US$70bn of debt to meet new capital adequacy regulations.

Vodafone India mandates for up to US$3bn IPO

April 29 (IFR) - UK telecom giant Vodafone has mandated Bank of America Merrill Lynch, Kotak and UBS as joint global coordinators for the IPO of its Indian unit, according to two sources.

29 Apr 2016

CD&R swallows sausage casings maker Kalle

LONDON, April 29 U.S. buyout house Clayton Dubilier & Rice (CD&R) has bought German sausage casings maker Kalle from Silverfleet Capital, the companies said on Friday.

M&A, Private Capital 29 Apr 2016

Russia's Rusagro says raises around $250 mln via share sale

MOSCOW, April 28 Russian farming conglomerate Rusagro said on Thursday it had priced its secondary share sale at $15 per global depositary receipt and raised around $250 million.

28 Apr 2016

Rusagro prices GDR at $15 in secondary share offering -banking sources

MOSCOW, April 27 Russian farming conglomerate Rusagro has priced its global depositary receipt at $15 per GDR in a secondary share sale, at the lower end of its previous guidance, banking sources told Reuters on Wednesday.

Regulatory News 27 Apr 2016

UPDATE 3-Germany to launch 1 bln-euro discount scheme for electric car buyers

* Luxury EVs priced above 60,000 euros won't benefit (Adds criticism from Ifo president, analyst)

Bonds, Regulatory News, 27 Apr 2016

Corporates race to print first euro negative yield

LONDON, April 27 (IFR) - The race to print the first negative yielding corporate bond in euros is on after Unilever narrowly missed out earlier this week, as news of the ECB's corporate purchase plan drives funding costs to all-time lows.

27 Apr 2016

Russia's Rusagro share sale price guidance $15.0-15.5/GDR - sources

MOSCOW, April 27 The price guidance for Russian farming conglomerate Rusagro's secondary share sale is $15.0-15.5 per global depositary receipt, two sources close to the placement said on Wednesday.

27 Apr 2016

UPDATE 2-Glencore prices first bond since market lockout

LONDON, April 26 (IFR) - Glencore ended a year's hiatus in the bond markets Tuesday with a Swiss franc offering that priced much tighter than anything the embattled mining giant could have got in dollars or euros.

26 Apr 2016

BRIEF-Russia's Severstal places $200 mln convertible bond

* Has completed the offering of $200 million principal amount of senior unsecured guaranteed convertible bonds due 2021;

26 Apr 2016