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bnp paribas confirms no stabilization for fnac darty bond issue
BNP Paribas has announced that no stabilization activities were conducted following FNAC DARTY SA's recent bond issue of EUR 300 million, which carries a 4.75% interest rate and matures in April 2032. The statement, issued on March 26, 2025, clarified that the securities are not registered under the U.S. Securities Act of 1933 and cannot be offered or sold in the U.S. without proper registration or exemption.
European banks surge as UBS falls behind Santander in market value
UBS has seen its market capitalization stagnate at around $106 billion, recently overtaken by Spain's Santander, which has surged to $107 billion amid a 50% rise in share price this year. European banks are benefiting from rising interest rates, with BNP Paribas nearing the $100 billion mark and analysts optimistic about future growth. J.P. Morgan has raised its price target for UBS, reflecting confidence in its potential despite current challenges.
bnp paribas appointed to stabilize fnac darty bond offering securities
BNP Paribas has been appointed as the Stabilisation Coordinator for FNAC DARTY SA’s upcoming EUR-denominated securities offering, with a stabilization period expected to start on March 25, 2025, and conclude by May 1, 2025. The stabilization measures aim to support the market price of the securities post-issuance, although there is no guarantee that these measures will be implemented. The consortium of Stabilisation Managers includes several banks, and the offering is directed at qualified investors outside the United Kingdom and in the European Economic Area, adhering to relevant regulations.
banks to report card transactions over 25000 euros to tax agency
Banco Santander and BBVA have alerted customers that card transactions exceeding 25,000 euros annually will be closely monitored by the Tax Agency, pending approval. This measure aims to enhance tax compliance and transparency, with banks responsible for reporting these transactions directly, relieving customers of any additional obligations.
ODDO BHF and RBI forge strategic partnership for equity sales and research
Raiffeisen Bank International (RBI) and ODDO BHF have established a partnership in equity sales and research for Austria and Central and Eastern Europe, set to begin on February 1, 2025, following approval from the Austrian Financial Market Authority. This collaboration will enhance RBI's client services by leveraging ODDO BHF's extensive sales network and research capabilities, connecting clients to over 800 institutional investors across Europe and the USA. The integration aims to strengthen research for Austrian issuers and expand into CEE, benefiting all stakeholders involved.
eurostoxx 50 rallies towards record high amid positive market conditions
European stock markets have surged in 2025, with the EuroStoxx 50 rising over 8% and breaking through its 2024 peak of 5100 points, aiming for the all-time high of 5500 points from 2000. Key drivers include strong performances from SAP, Hermès, and banking stocks. Short-term catalysts include easing long rates, potential fiscal support from China, and the outcome of Germany's elections, while risks loom from possible US tariffs that could impact market sentiment.
European stocks poised for gains as ECB prepares for rate cut
European stocks are set to open higher as investors anticipate a 25-basis-point rate cut from the European Central Bank, bringing the key overnight deposit rate to 2.75%. Key earnings reports are expected from companies including Nokia, Deutsche Bank, and Shell, while market attention will focus on growth data and consumer confidence in the euro zone.
european banks face challenges in sustaining profit growth amid rate cuts
European banks are set to report significant profit increases for Q4, driven by strong lending margins and investment banking revenues. However, analysts caution that falling interest rates may hinder future performance, making it challenging to meet targets in 2025, especially as U.S. banks benefit from deregulation and higher volatility.
Elior Group issues 500 million euros in senior unsecured notes without stabilisation
BNP Paribas announced that no stabilisation was carried out for the EUR 500 million senior unsecured notes issued by Elior Group S.A. The offer price was set at 100, and the securities are not registered under the U.S. Securities Act, prohibiting their sale in the United States without proper registration or exemption.
BNP Paribas concludes stabilization period for Elior Group's bond issuance
BNP Paribas has announced the conclusion of the no-stabilization period for Elior Group's EUR 500 million senior unsecured notes, indicating that no stabilization measures were necessary, reflecting confidence in the offering's market reception. The securities, priced at 100, are not registered under the U.S. Securities Act of 1933 and cannot be offered or sold in the U.S. without proper registration or exemption.