Ireland
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Bank of Ireland announced plans on Monday for its second senior holding company bond in two months, but unlike its peer Allied Irish Banks it is turning to the dollar market to complete the trade. The mandate was another sign of issuers continuing to believe the market remains open. -
Shares in Aryzta, the frozen baked goods company listed in Ireland and Switzerland, surged by as much as 13% on Tuesday morning after it signed an agreement with five international banks to underwrite its €800m rights issue.
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Ireland has published a framework for Irish Sovereign Green Bonds and will roadshow in the coming weeks for its first green bond issue, which may be used to fund a wide variety of climate change-related and broader environmental spending.
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Ireland’s Dalata Hotel Group is due to acquire the long leasehold interest of a London hotel for £91m, with debt financing the purchase.
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Ireland’s Cairn Homes has agreed a €350m debt package from four institutions, with the homebuilder managing to lock in cheaper funding costs than the loans being refinanced.
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A flurry of new issuance activity on Wednesday did not prevent Bank of Ireland from pricing its first senior deal from its holding company at a level that was close to the fair value implied by secondary market valuations.
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Shares in Aryzta, the bakery listed in Ireland and Switzerland, fell as much as 10% on Monday morning after the company said it plans to raise €800m via a rights issue to shore up its balance sheet after a series of profit warnings this year.
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Glenveagh Properties, the Irish housing developer owned by Oaktree Capital, has concluded the final leg of its €213m placing, conditional placing and open offer, which it originally announced in July to finance the acquisition of more land in Ireland.
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A group of Chinese investors lead by Zhongze Group has struck a deal to acquire Irish stockbroking group Goodbody, in the first step towards international expansion.
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Greencoat Renewables, the renewable energy fund listed in Dublin and London, has raised €111m to fund Irish windfarm acquisitions.
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Post-trade infrastructure company Depository Trust and Clearing Corporation (DTCC) on Wednesday announced that it would open a new office in Dublin in an effort to sidestep uncertainties stemming from Brexit.
