Barclays
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There was a stark difference in the secondary performances of La Banque Postale’s and Nykredit’s tier two deals on Wednesday, but bankers said the market was not showing signs of indigestion.
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Anheuser-Busch InBev has secured a $75bn syndicated loan, which has been described as “the world’s largest ever loan”, for its £71bn recommended acquisition of SABMiller.
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Amadeus, the Spanish company that provides IT systems to the air travel industry, reaped the rewards of patience on Tuesday after sitting in the pipeline for five weeks as its €500m six year no-grow bond brought in an order book of over€4.75bn.
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European Stability Mechanism printed a solid €1.5bn bond on Tuesday, falling just short of completing its funding target for the year.
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Two issuers made an opportunistic move in sterling on Tuesday, taking a combined £400m with a tap and a new issue.
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BMW returned to the bond market on Tuesday with a €1.25bn deal, its first issue since the Volkswagen emissions scandal made investors reassess their attitude to the car industry.
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WPP, the UK advertising firm, attracted more than €3bn of orders for its four year benchmark bond on Tuesday as investors showed they were willing to turn on the taps for the right deal.
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Iberdrola, the Spanish electricity company, raised €500m of cheap funding on November 6 with an equity-neutral convertible bond, partly as a response to the recent disruption in the straight bond market.
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The Gym Group, an operator of low cost gyms in the UK, priced its initial public offering on Monday, raising £90m of primary proceeds.
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A supranational is set to add a new point on its curve this week, as a German region prepared to bring its third benchmark of the quarter.
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Simon Property Group, the US property company that is the world’s largest real estate investment trust, launched a benchmark seven year euro bond this morning, its first issue in the currency for over two years.
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Sky, the UK satellite and cable broadcasting group, brought a 10 year euro benchmark bond on Monday, pushing out for a longer maturity after a week when many issuers stayed with intermediate tenors.