Barclays
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Barclays almost doubled the size of its frontline buffers during the summer, covering expected volatility after the UK's June 23 vote to leave the EU, while the bank is now planning its future operations based on the end of passporting. Other UK banks, however, were not so cautious, with their buffers almost flat through the Brexit period.
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China’s Huishang Bank Corp rolled out its inaugural dollar-denominated additional tier one bond on Thursday, the first from a city commercial bank in the country.
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Italy’s bottle top maker Guala Closures on Tuesday began roadshowing for a new deal to refinance all of its high yield bond debt as the market’s pipeline accelerates before the US elections.
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Statoil broke out of the stupour of public holidays on Wednesday with a dual tranche offering that kept up investors’ supply of 20 year paper.
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Aluminum Corporation of China (Chalco) raised $500m from a perpetual non-call five year bond on Monday, managing to woo investors against a volatile backdrop.
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Caja Rural Navarra has mandated leads to roadshow an environmental and social governance (ESG) Cédulas Hipotecarias with an intermediate maturity.
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Shanxi Road & Bridge Construction Group printed a three year bond on October 28. The trade is expected to set the pricing benchmark for Local Government Financing Vehicles from the province — which are looking to diversify funding channels by going offshore.
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Aluminum Corporation of China has re-entered the market with a perpetual non call five dollar bond, opening books on Monday morning.
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Mortgage lender Together on Friday accelerated the pricing of its PIK bond in a sterling market still cautious after last week’s cancellation but geared with a new offering from betting house Ladbrokes.
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National Express, the UK coach operator, tapped the sterling bond market on Friday with a £400m seven year trade that swerved volatility in the Gilt market.
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Interoute, the UK data networks and centres company, has scheduled bank meetings for Monday in London for a €250m seven year term loan ‘B’, to refinance floating rate notes issued last year. Exterion Media has also closed a £150m div recap loan.
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China Development Bank Hong Kong gave investors a dual option on October 27, issuing a five year dollar bond and a three year euro deal, finding space in a crowded market that saw six other trades hit the screens.