Owen Wild is Deputy Editor of International Financing Review based in London. He joined IFR in 2004 and in the past seven years has worked across Equities, Structured Equity and Derivatives sections as both reporter and editor. Prior to becoming deputy editor in 2010, he had global responsibility for IFR’s ECM coverage. Before joining IFR, Owen covered foreign exchange markets. Follow Owen on Twitter @IFR_Owen
- +44 (0) 20 7542 8541
Seadrill has taken the first steps towards restoring its reputation with equity-linked investors after the Norwegian oil services company offered investors an apology and completed a revised conversion incentive offer on its US$650m 3.375% 2017 bonds last week.
Structured equity bankers were left asking what damage repeat issuer Seadrill has done to its future equity-linked issuance after ruthlessly inflicting unnecessary losses on its bondholders. Concerns also extended to the fallout for the rest of the John Fredriksen empire, which has been a prolific i
The London Stock Exchange has now lost three listings since mid-May after Wizz Air and BBI Diagnostics last week cancelled IPOs, joining Fat Face in the failed section of the pipeline. Yet the small number of failures among a plethora of pricings – 14 in the UK during the same period – means that bankers are far from concerned about the flops and are more focused on some