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IPOs

Britain draws line under Lloyds rescue with $26 bln recovery

LONDON, April 21 Taxpayers have recouped all of the 20.3 billion pounds ($26 billion) invested in the bailout of Lloyds Banking Group during the 2008 financial crisis, British finance minister Philip Hammond said on Friday.

BRIEF-Russian Railways plans to issue perpetual bonds for RUB 10-15 bln by end of 2017

* Plans to issue its first perpetual bonds in roubles for 10-15 billion roubles ($178-$266.4 million) by end of 2017, senior vice president Vadim Mikhaylov said

Apr 21 2017

Vodacom Tanzania extends IPO deadline to woo more local investors

DAR ES SALAAM, April 19 Vodacom Tanzania Plc, a subsidiary of South Africa's Vodacom Group, has extended the offer period for its initial public offering by three weeks to give local investors more time to take part in the share sale, an official from the market regulator said on Wednesday.

Financials, Apr 19 2017

UPDATE 1-Santander issues 750 mln euros in perpetual bonds

MADRID, April 18 Spain's Santander said on Tuesday it had raised 750 million euros by selling perpetual bonds which are convertible into ordinary shares if the bank's capital cushion slips below a certain level.

Financials Apr 18 2017

CORRECTED-Santander to issue up to 2 bln euros in perpetual bonds

MADRID, April 18 Spain's Santander said on Tuesday it planned to issue perpetual bonds, convertible into ordinary shares, with a nominal value of up to 2 billion euros ($2.1 billion).

Financials Apr 18 2017

Santander to issue up to 2 bln euros in preference shares

MADRID, April 18 Spain's Santander said on Tuesday it planned to issue preference shares convertible into ordinary shares with a nominal value of up to 2 billion euros ($2.1 billion).

Financials Apr 18 2017

UPDATE 1-HSBC predicts 100 Saudi Arabian listings in privatisation drive

DUBAI, April 17 Saudi Arabia's privatisation drive is likely to result in around 100 new stock market listings in sectors including mining, healthcare and retail, a top HSBC executive said on Monday.

Italian packaging firm Guala Closures preps IPO, sale -sources

FRANKFURT, April 13 Private-equity held Italian packaging firm Guala Closures is preparing a stock market listing or sale that may value the company at more than 1 billion euros ($1.06 billion) including debt, sources close to the matter said.

Linde rejects request to vote on Praxair merger at AGM

FRANKFURT, April 11 Germany's Linde has for a second time rejected a request for a shareholder vote at its annual general meeting next month on its planned $65 billion merger with U.S. industrial gases rival Praxair.

REFILE-UPDATE 3-Bain, Cinven pay up to win backing for Stada deal

FRANKFURT, April 10 Buyout groups Bain Capital and Cinven won an auction for German drugmaker Stada on Monday after a surprisingly large increase on a previous bid valued the company at about 5.3 billion euros ($5.6 billion).