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The article presents updates on corporate bonds issued in euros. It is said that ITV PLC which is a commercial broadcaster in Great Britain has lost market share and some of its advertising revenues. Deutsche Bank emphasizes that it has a book of 1 billion euro for the deal with Polo Ralph Lauren Corp.

The article reports on the decision of the British cable company Virgin Media to reopen the European high-yield corporate bond market on May 29, 2009 as it issues $650 million of seven year debt. The yield guidance for the dual tranche deal is expected to be set at 10.5% for both the euro and dollar portions. The euro deal is being led by Deutsche Bank, while the dollar tranche is led by JPMorgan. Particular focus is given on the opinions of several bankers on the high yield market.

The article reports the Royal Bank of Scotland (RBS) has bounced back in European Common Market (ECM) with roles on several important deals despite being majority owned by the state and suffering widespread disgrace in the media and among the British general public. The bank is the lead manager of the £12.5 billion rights issue of HSBC. RBS is also a lead manager on the Eu1.28 billion rights issue of Irish building materials group CRH, and bookmaker William Hill's £350 million capital raising.

The article presents an update on the high grade corporate bond market in Great Britain. Business information group United Business Media has pulled its bond issues from the market. ITV, the commercial terrestrial television broadcaster, is planning to issue a euro and sterling bond. Vivendi launched a Eu700 million five year floater at 50 basis points (bp) over Euribor and a Eu500 million seven year at 68bp over swaps.

The article reports the successful issuance by French telecommunications group Orange of a 1.6 billion dollar bond in late January 2014. Earlier, the company raised 2.8 billion euros worth of hybrid capital in the European markets. The bookrunners of the dollar bond include Bank of America Merrill Lynch, Deutsche Bank, and the Royal Bank of Scotland.

The article reports on British oil exploration and production company Premier Oil's completion of the sale of its first retail-eligible bond on December 5, 2013. Topics discussed include the rarity of sterling bonds from the oil and gas sector, a competing offer from smaller oil producer EnQuest, and investors' view of Premier as a better credit due to its size and diversity of operations. A bond issuance by consumer lender International Personal Finance in November 2013 is also mentioned.

The article reports on the bonds issued by housing associations Grand Union Housing Group and Great Places Housing in November 2013. Grand Union issued its 150 million British pound deal of which 35 million British pounds were retained for sale later. Great Places Housing launched its 38 million British pound deal arranged by the lead managers as an auction. The road show announced by housing association Peabody Trust, which begins on December 2, 2013, is also mentioned.

The article reports that British residential landlord Grainger has sold a high yield bond in November 2013 worth 200 million British pounds. It reports that the seven-year bond was priced with a five percent coupon at par and generated strong interest from investors. It mentions that Royal Bank of Scotland, Barclays, HSBC and Lloyds Banking served as bookrunners for the deal. Grainger's plan to use the proceeds to repay part of its bank loan worth 597 million British pounds is discussed.

The article looks at the financial system and financial regulation in Great Britain, as of November 2013. It discusses the shift of corporate finance from bank loans to corporate bonds in the period since the 2008 global financial crisis. The author suggests this trend has rendered the bond markets more vulnerable. Bank of England policies and the draft British Banking Reform Bill are discussed.

The article reports that the British water company Severn Trent has re-entered the bond market in 2013. Analysts claim that the only potential hindrance to Severn's issue is the news that the British government is planning to change the retail price index (RPI) to save money on inflation-linked payments. Severn's benchmark January 2026 bond was launched at 155bp-160bp over the five percent March 2025 Gilt. Succeeding announcements that the RPI will remain unchanged reportedly helped the issue.

The article reports on corporate bonds launched by the London Stock Exchange (LSE) and unrated property company St. Modwen Properties in October 2012. It mentions how the deals reinvigorated Great Britain's retail corporate bond market and the belief by some bankers that the market has great potential. Institutionally targeted bonds previously issued by the LSE are mentioned. The role of retail bonds as an alternative to the U.S. private placement market for unrated issuers is cited.

The article reports on the bond issued by GKN, a maker of parts for vehicles and aircraft in Great Britain on September 12, 2012. It was the first bond launched by GKN for 10 years. Other corporate bond issuance in British pounds during the week include Amgen, DirectTV and Intermediate Capital Group. It describes the structure of the 10 year benchmark note from GKN.

The article reports on the hybrid capital bond launched by SSE, the second biggest energy supplier in Great Britain. An overview of the structure of the bond under structuring advisers Barclays and Morgan Stanley, is presented. The deal is aimed at raising 1 billion British pounds of non-dilutive subordinated debt carrying 50% equity credit from the rating agencies. Bookrunners for the deal include Bank of America Merrill Lynch, BNP Paribas and Credit Suisse.

The article reports on the return of the Royal Bank of Scotland Group to the U.S. dollar market with a 2 billion U.S. dollar self-led offering of senior notes from its holding company. The timing of the bond issue was aided by a combination of strong market conditions and a lack of supply of British bank paper in the dollar market, according to David Hague of RBS Group. The bank initially targeted a 1.5 billion U.S. dollars in the thee-year paper.

The article reports that several corporate treasurers have raised their concerns over the emergence of self-arranged deals for corporate bonds in Great Britain. Several issuers are attempting to offer self-arrange bonds because of the growing demand for corporate bonds. Another factor contributing to the increase in self-arranged bonds is the preference of buyers to the disintermediation of banks in the corporate bond market to achieve value in their transactions.

The article reports on the sale of a bond by Longhurst Group in Great Britain in July 2012. The transaction seeks to take advantage of the bullish market conditions for corporate bonds. The bond received an enthusiastic reception from investors. The pricing of the bond by the issuer is also discussed.

The article reports that Spanish power company, Iberdrola has raised 400 million Euros while British Airports Authority (BAA) raised 700 million Euros through corporate bond issuance. Lead managers for Iberdrola, Bayerische Landesbank, JP Morgan, Deutsche Bank and Santander tapped the company's 600 million Euros January 2016 bond. BAA's treasury team has received interest from over 300 investors, totaling 3.5 billion Euros.

The article reports on corporate bond issuances made by two British retailers in November 2011. Marks & Spencer raised 300 million British pounds, while Wm Morrison Supermarkets issued its first public bond in its own name that took 400 million British pounds. Morrisons is now the fourth largest supermarket chain in Great Britain, with a 13% market share.

This article reports on the plan of Macquarie Leasing to launch its first-ever sterling securitisation tranch in October 2011. The firm approached British investors for the deal. The issue will include a short-term tranche at the top level and longer-dated Australian dollar and sterling notes. Managers of the deal include Australia and New Zealand Banking Group, J.P. Morgan, Macquarie and the Royal Bank of Scotland.

The article reports on the six-year secured class A corporate bond issue from British Airports Authority (BAA), an airport operator in Great Britain. BBVA, BNP Paribas, Crédit Agricole, HSBC and Santander served as lead managers for the bond issue which was priced as 205 basis points (bp) over mid-swaps. The biggest investors in the issue were from Great Britain.

The article reports on the 950 million pound sterling corporate bond issued by retail firm Tesco in the last week of June 2010, with the support of 41 supermarkets in Great Britain. According to Hong Kong and Shanghai Banking Corp. (HSBC)'s James Cunniffe, the result of the offering is a success despite the unstable market. The opinions of Goldman Sachs' Ben Green and Elena Paitra about the offering are also cited.

The article reports on the euro-denominated 12-year bonds issued by Barclays Bank on February 23, 2010 in Great Britain, which is viewed as the first benchmark covered bond launched from a country other than France or Germany within a month.

This section offers news briefs on the covered bond market. The British covered bond market could be reopened by Barclays Bank with a debut public issue. The last benchmark British covered bond was issued for Bank of Scotland in October 2007. A covered bond program aimed at launching a 2-billion-euro issue in October 2009 is being finalized by Fortis Bank Nederland.

The article reports on the debate on the new role for high yield debt led by heads of leveraged finance who attended the Euromoney Seminars Leveraged Finance conference in London, England. They expect high yield to assume a greater role in rescuing companies troubled by looming debt maturities. Ray Doody, head of acquisition and leveraged finance at JPMorgan, emphasizes the need for loans and bonds to co-exist to enable companies to refinance large forthcoming debt maturities.

This article reports on the decision of the British Financial Services Authority (FSA) to stop Royal Bank of Scotland (RBS) to stop from calling four subordinated issues in 2009. The bonds are two upper tier two and two lower tier two securities. Prices of the securities dropped as a result of the decision. The FSA made discussions with the European Commission before making the decision.

The author reflects on the status of the sterling corporate bond market in Great Britain. It notes the progress of the market but cited illiquidity as an emerging concern. It mentions the move of the International Management Association as it launched a broadside at dealers in the market. It reveals complaints from leading borrowers at the Association of Corporate Treasurers' conference arguing the insufficient move among banks in creating secondary market for newly issued paper.

The author comments on issues concerning corporate bonds and pension deficits amid the financial crisis in 2008. He notes that the first quarter of 2009 has already set a record for corporate bond issuance for the three major currencies. However, he also noted that according to Moody's, 35 companies have defaulted on their obligations in the month of March. He adds that for every company having its rating upgraded, some 25 companies were downgraded. He mentions that many companies in Great Britain have pension fund liabilities that are underfunded.

This article states that the Bank of England has started buying corporate bonds under its Asset Purchase Scheme in the week ended March 27, 2009, but its purchases of only £128 million of paper since March 25, well below its self-imposed limit of £252 million, have left market participants puzzled and unimpressed. In its first corporate bond operation £85.525 million of paper was bought. The facility has also been buying bonds that are already in good demand and therefore has had little effect on the market.

This article reports that sales of commercial paper to the Bank of England's Asset Purchase facility declined in the week ended March 27, 2009, with only one new issuer seemed to use the fund. Schlumberger sold a £15 million three month clip, which meets the bank's criteria by being sterling denominated and a three month maturity. Other issuers that have issued eligible paper in previous weeks include 3i Group, Prudential and Paccar. Up to and including March 19 the facility had bought a total of £1.891 billion in its first five weeks.

The article reports that Bank of England will buy up to £50 billion of corporate bonds, commercial paper and other high quality private sector assets in Great Britain. The Treasury has given the Bank permission to pursue the intervention to increase the credit flow to companies. The move is designed to lower the amount that corprorates have to pay to access funding and to introduce more liquidity to the market.

The article discusses a corporate bond issued by the Environmental Defense Fund (EDF) at 220 basis points (bp) over mid-swaps on November 18, 2008. It is the joint largest single tranche deal in the corporate bond market during the year. About a third of the deal went to France, about 20% to Germany, and Italy, Spain and Great Britain took around 10% each.

The article focuses on the £500 million bond issuance of Véolia Environnement SA launched on October 16, 2007. The company aims to use the deal in order to refinance the acquisition of CleanAway. According bookrunners Barclays Capital, HSBC and Royal Bank of Scotland, the debut transaction reopened the sterling market. Most of the 60 investors involved in the bond issue were from Great Britain.

The article focuses on the €700 million corporate bond deal issued by Wendel Investissement on June 13, 2007. It notes that the maturity of the deal is on August 9, 2017. The lead manager of the transaction are Calyon, HSBC and SG CIB. The accounts that took part in the transaction are mainly based in France, Great Britain and Germany.

The article focuses on the issuance of a second hybrid deal and a subordinated note in sterling by Linde, the German industrial gases and forklift truck group. The transaction aims help finance the company's £8.2 billion buy-out of British gases company BOC. Linde group treasurer Erhard Wehlen cites the decision to postpone the launch of the deal due to volatility that affects the outstanding hybrid deals. Wehlen adds that the company's evaluation showed that hybrid bond is applicable for an optimal financing strategy in an acquisition scenario.

The article focuses on the plan of British rail infrastructure operator Network Rail to issue unguaranteed debt in 2007. Director of funding Fred Maroudas states that the progress of the company accelerates the possibility of issuing debt without the support of a government guarantee. The government's guaranteed debt issuance programme will be used for refinancing existing debt if the plan will be approved. Maroudas mentions that the company's initial aim is to establish a sterling curve.

The article offers news briefs on corporate bonds in the financial services industry in Great Britain. A 500 million euro 10 year deal was issued by Deutsche Telekom. 1.5 billion euro three tranche deal was launched by Utility Energias de Portugal. U.S. recruitment group Manpower Inc. has priced a 200 million euro seven year deal.

The article discusses several economic and financial indicators of several countries in 1993. The rates of investment returns of the U.S. in venture capital, commercial property, corporate bonds, consumer-price inflation and small-company shares are revealed. The trade deficit of Great Britain between 1992 and 1993 is discussed. Meanwhile, the 12-month trade surplus of Australia rose to $1.7 billion in January 1993, while its current account deficit declined to $8.6 billion over the same period.

U.S. moves to block corporate inversions in the U.S.; Tesco shakes up management; U.S. housing data on standby. [ABSTRACT FROM AUTHOR]