Owen Wild is Deputy Editor of International Financing Review based in London. He joined IFR in 2004 as a reporter and has since 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
European equity capital markets will be a more boring place when veteran dealmaker Rupert Hume-Kendall retires from Bank of America Merrill Lynch in September. The colourful Brit ends his 17 years with the firm as chairman of global corporate and investment banking for the Europe, Mid
The ease with which Unibail-Rodamco completed the concurrent issue of €1.5bn of new debt, equally split across Green, conventional and convertible bonds, plus tenders for 10 outstanding bonds shows the renewed vim in the market following the Easter break.
French real estate giant Unibail-Rodamco has leapt on the accommodative terms open to high-grade names in debt markets with an extensive reprofiling of its outstanding debt. The commercial property group is issuing a new convertible bond while tendering for its January 2018 CB. At the same time a separate group of banks are leading a new €1bn dual tranche straight debt issue and tender for nine outstanding bonds.