United States

Robert Smith

Agrokor denies reports of electricity outages after bonds drop

Feb 24 2017

LONDON, Feb 24 (IFR) - Agrokor said reports of electricity outages at its Mercator stores are not correct, after stories in local press sent the Croatian company's bond prices tumbling on Friday.

Moody's flags accounting transparency concerns at Agrokor

Feb 15 2017

LONDON, Feb 15 (IFR) - Moody's described Agrokor's accounting as "opaque in certain areas" in a report published Wednesday, although the rating agency believes the Croatian retailer has sufficient liquidity in the near-term.

UK DMO announces plans for 40-year Gilt syndication

Jan 06 2017

LONDON, Jan 6 (IFR) - The UK's Debt Management Office on Friday announced plans to syndicate a 40-year bond later this month.

Credit Agricole sets guidance on euro senior non-preferred bond

Dec 13 2016

LONDON, Dec 13 (IFR) - Credit Agricole has set guidance on its 10-year euro senior non-preferred bond at mid-swaps plus 120bp area, according to a lead manager.

Takko switches bond listing to escape MAR "compliance burden"

Dec 07 2016

LONDON, Dec 7 (IFR) - Takko has delisted bonds in Luxembourg and listed them in the Channel Islands, becoming one of the first issuers to relist bonds to circumvent beefed-up EU regulation.

Hertz bonds tumble after guidance slashed

Nov 08 2016

LONDON, Nov 8 (IFR) - Hertz's recently issued euro bond tumbled in the secondary market on Tuesday, on concerns that the car rental giant's slashed profit forecast could cause covenant troubles.

Daisy pulls sterling junk bond as investors get tough

Oct 21 2016

LONDON, Oct 21 (IFR) - Daisy called off an attempt to issue a sterling high-yield deal on Friday, in the latest sign of waning UK investor appetite for riskier debt in challenging sectors.

Wind Hellas sounds out bond investors - sources

Oct 20 2016

LONDON, Oct 20 (IFR) - Greece's Wind Hellas has met with high-yield bond investors to gauge their appetite ahead of a potential return to the debt market, according to people with knowledge of the matter.

Verallia shelves plans to issue 500m PIK toggle - source

Oct 10 2016

LONDON, Oct 10 (IFR) - Verallia has called off an attempt to issue a 500m payment-in-kind toggle bond, according to an investor, after facing pushback from the buyside.

Verallia pushes pricing of PIK toggle to next week - sources

Oct 07 2016

LONDON, Oct 7 (IFR) - Verallia is looking to price its PIK toggle bond next week according to investors after pushback from the buyside on the deal's aggressive structure prevented the issuer from wrapping up the trade this week.

World News

Death toll in Baghdad attack rises to 23

The death toll in an attack by armed men at Baghdad's main protest site on Friday night rose to 23 on Saturday, police and medical sources said, the deadliest incident to hit the capital in weeks.