Barclays
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Banks will have more time to build up sufficient equity and debt for their minimum requirement for own funds and eligible liabilities (MREL), said the Bank of England.
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Finnish packaging firm Powerflute has extended the deadline on its €400m leveraged buyout by Madison Dearborn to this Friday, as has BMI Healthcare for its £285m refinancing.
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Caja Rural Navarra is planning the first green covered bond of the year. It follows a trio of covered bonds issued by Australian banks and the first transaction to be issued from Nordea in more than a year.
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This was the week high yield borrowers in sterling came out of the Brexit shadows to face a market ridden with political tensions — what they found was hungry, but sober, investors.
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The Polish government and a state owned development bank have both made a rare appearance in the MTN market.
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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.