Owen Wild is Deputy Editor of International Financing Review based in London and also has global responsibility for equity capital markets coverage. Prior to 2010 he was associate editor for equities and structured equity. Owen joined IFR in 2004 as a reporter and has since worked across Equities, Structured Equity and Derivatives sections as both reporter and editor. Before joining IFR, Owen covered foreign exchange markets. Follow Owen on Twitter @IFR_Owen
- +44 (0) 20 7542 8541
S&P last week placed Kuwait Energy’s B- credit rating on creditwatch with negative implications. The rating already had a negative outlook.
Kuwait Energy is expected to concede defeat on its attempt to list on the London Stock Exchange. The IPO was due to raise US$150m and its bonds may be put under renewed pressure as a result, with the company’s B- ratings already on negative watch.
Danish hearing aids and headset company GN Store Nord awakened the equity-linked market from its two-month slumber with Tuesday’s €225m five-year bond with warrants issue. And then just two days later South African platinum miner Implats brought a dual-currency convertible to raise US$503m-equivalent.