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
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The IPO of Agricultural Development Bank is in limbo following the end of proceedings to block the float in the Supreme Court but with no decision on relaunching last week. A revival of the privatisation is imminent and should simply involve a new closing date, with no terms of the deal required
A new sterling offer from J Sainsbury brought the corporate hybrid market back to life on Thursday, after a combination of interest-rate and Greece-related volatility put a swift halt on new supply in recent months.
While the bond markets have not been entirely closed by events in Greece, there has been precious little new issuance in spite of a pipeline that has been continuing to grow.