Bank of America
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Underwriters for China Culiangwang Beverages Holdings’ HK$794m.90m ($102.5m) rights issue have had to step in to find investors for the offering, after the deal ended up being under-subscribed by 6%. -
Germany’s KfW is to become the first borrower to sell a fixed rate dollar benchmark since negotiations between Greece and its creditors broke down at the end of June.
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Akbank has added an accordion feature to its ground-breaking three year loan, as it seeks to close the deal on Thursday.
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Natural gas storage and transportation service provider CIMC Enric Holdings is seeking a $150m loan from the offshore market. The company has chosen one lender to arrange the fundraising, according to a banker away from the trade.
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A European agency has become the first SSA borrower to bring a syndication after a referendum on bail-out conditions returned a ‘no’ vote in Greece over the weekend.
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Chilean electricity firm AES Gener has added its name to the Latin American pipeline, picking banks for a dollar bond and raising hopes of summer supply.
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US water, hygiene and energy technologies provider Ecolab reopened the corporate bond market on Wednesday with a €575m issue after a shorter than expected shutdown.
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Turkish financial institutions have taken no notice of the slowdown of deals elsewhere in the CEEEMEA region, with several deals progressing this week.
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Next week could provide a decent opportunity to issue dollars, said sovereign supranational and agency bankers, but borrowers will have to be cautious if they want to print in euros.
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US industrials company Danaher broke the lull afflicting primary corporate bond markets with a €2.7bn issuance to back its purchase of Pall Corporation on Wednesday.
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Asian Development Bank managed to raise $1bn on Thursday — becoming the only public sector issuer to bring a syndication this week in the run up to a referendum in Greece on its bail-out terms.
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US industrials company Danaher broke the torpor afflicting primary corporate bond markets with a €2.7bn issuance to back its purchase of Pall Corporation on Wednesday.
