Americas
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Unigel, the Brazilian commodity chemical producer, is planning a cross-border bond debut that would replace all of its existing debt, according to rating agency reports.
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The low rates in Europe are making the euro high yield market an attractive option for US issuers like Belden, a St Louis-based manufacturer of telecoms equipment, which is launching a new euro bond to buy back old deals in euros and dollars. More US issuers are coming to euros, say bankers and investors.
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Standard Chartered has hired a JP Morgan banker to lead part of its North American corporates team.
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European implied equity volatility has fallen after Angela Merkel secured a fourth term as German chancellor and despite Italy's general election producing a hung parliament.
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Toronto Dominion Bank this week issued a €1.25bn short five year euro covered bond with a modest concession that matched the record tightest Canadian euro covered bond spread, albeit with a rather low subscription ratio.
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One of the Venezuela analysts most keenly followed by the country’s bondholders will lead opposition candidate Henri Falcón’s economic team in the run up to this year’s presidential elections, which the largest opposition party is boycotting.
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Chinese after-school education provider OneSmart International Education Group has filed an IPO prospectus with the US market regulator for a New York Stock Exchange listing of up to $300m.
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On Thursday, Prologis, the US-based warehouse Reit group, became the first issuer from its sector to issue a green bond, when it sold a €300m 10 year deal.
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After weeks of speculation, Paraguay will finally hit the road next week as Lat Am syndicate bankers point out that spreads in the region have recovered well after a turbulent month.
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Recent hints from Ecuador’s finance minister Carlos de la Torre that the South American sovereign is considering a euro-denominated bond issue should be met with caution, according to a report from Quito-based Analytica Investments.
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Mexican funding officials will visit Tokyo next week to update Japanese bond buyers, GlobalCapital understands.
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