Bank of America
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Cobham, the UK defence company, announced the pricing for its £512m rights issue on Tuesday, a day after declaring that it was being investigated by the Financial Conduct Authority for its handling of inside information around its last rights issue, in April 2016.
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Segro, the UK real estate investment trust, successfully completed its £576m rights issue with a £16.7m rump placement on Tuesday morning.
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South Korea’s KEB Hana Bank on Monday priced a $500m three year floating rate bond — its first after a merger — around theoretical fair value, with political turmoil in the country not denting investor sentiment.
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The European Union found its first deal of 2017 tough going on Monday. While the supranational managed to raise €600m with a tap of a 2031 line, the deal proved more of a challenge than expected.
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Another Turkish refinancing is underway, with Ziraat Bank’s syndication due to close this week, according to a banker on the deal.
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Shares in Cobham, the troubled UK aerospace and marine technology company, fell 1.9% on Monday after it revealed that it was being investigated by the Financial Conduct Authority for its handling of inside information before its trading update in April 2016, when it announced its last rights issue.
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Allocations have emerged for a $1.75bn multi-tranche borrowing by Indian conglomerate Reliance Industries, with retail liquidity ending up concentrated on a longer dated portion.
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High-end solar panel maker REC Solar has approached lenders in Asia for the first time, as it looks to raise up to $330m.
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Guotai Junan Securities Co has hit the road with its HK$16.5bn ($2.1bn) IPO, set to be the largest listing in Hong Kong since Postal Savings Bank of China’s mammoth HK$58bn float last year.
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KEB Hana Bank and Huantaihu International Investment Co ventured out to the dollar debt market on Monday morning, as 10 year US treasury yields slid to 2.37%.
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Banco GNB Sudameris, the bank that took over HSBC’s Colombian, Peruvian and Paraguayan businesses five years ago, is likely to target retail investors for an imminent 10 year non-call four subordainted tier two bond, according to syndicate bankers.
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UK luxury sports car maker Aston Martin will hit the road for a senior secured deal in sterling and dollars on Friday to repay bonds coming due next year.