Bank of America
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On Wednesday night, the Belgian state conducted one of the largest equity block trades of the year so far – a 2.5% stake in BNP Paribas. -
The Province of Ontario came to market for a rare sterling floater on Wednesday, sharing the UK currency market with a European Investment Bank deal.
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Kuwait Energy, the independent Kuwaiti oil and gas company, is to test investor appetite towards the recovering energy sector, having announced the launch of its long awaited IPO on the London Stock Exchange on Wednesday morning.
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Despite a public holiday on Monday and the second round of the French presidential election due this Sunday, the IPO market is vibrant, with two more names joining the pre-summer pipeline so far this week.
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Nestlé made its second visit of 2017 to the Eurodollar bond market on Tuesday, issuing a $300m five year that it managed to price 19bp tighter than a similar deal in January.
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Bank of America Merrill Lynch has hired a former Credit Suisse banker for its emerging markets DCM team.
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VolkerWessels, the Dutch construction company controlled by the Wessels family, has opened the books for its Amsterdam IPO, which could value the business at up to €2bn.
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The revival of sterling bond issuance powered ahead on Thursday, as Procter & Gamble brought a £750m deal that one banker said was “as rare as Halley’s Comet”. That coincided with a £1bn covered bond from Santander and a £400m debut from Martlet Homes.
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Bank of America Merrill Lynch is flying high in European M&A and continuing to expand its leveraged finance franchise, writes David Rothnie.
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Shares in Lonza, the Swiss pharmaceutical company, closed 3.8% higher on Wednesday after it launched its Sfr2.25bn rights issue to partly finance its acquisition of Capsugel from KKR, having secured approval from its shareholders at its annual general meeting on Tuesday.
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Anupam Gupta, an emerging markets specialist in Bank of America Merrill Lynch's fixed income, currencies and commodities business, has left the bank.
