Banks
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Valeo, the French car parts maker, has mandated for a debut sustainability-linked bond, hours after posting results showing a solid bounce back from last year. -
Star Health and Allied Insurance filed a draft IPO prospectus with India’s securities regulator this week, become a rare private sector insurer to head for a listing.
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South Korean car rental company Lotte Rental has launched the roadshow for its IPO, looking for up to W850.9bn ($739.2m) in proceeds.
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Shandong Iron and Steel Group Co raked in $500m this week, as investors welcomed the long-term prospects of the Chinese company.
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Ping An Real Estate Co raised a total of $600m from two tranches of green bonds on Thursday, capping a strong week for sustainability related transactions in Asia.
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Citi has named Rahul Saraf as head of investment banking for India, effective on Wednesday.
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Thai agri-business firm Charoen Pokphand Foods’ subsidiary, CPF Investments, is in the market for a new $400m loan.
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China Citic Bank International has sold a $600m Basel III compliant additional tier one bond, ahead of plans to call one of its other bank capital trades later this year.
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British Airways issued its first sustainability-linked bond this week, something still very rare in the airline industry. It was one of only a handful of issuers that braved volatility to enter the US corporate bond market this week.
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Guarantor: Federal State of North Rhine-Westphalia
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The wheels fell off the IG corporate sterling bond market this week, with one pulled deal and another that barely scraped through. Accusations and recriminations flew over what caused the trouble, which has likely slammed the doors shut on the sterling market until autumn. Mike Turner reports.
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