Barclays
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Just four months after its inaugural covered bond, Singaporean lender DBS is once again looking to venture into the market, mandating four banks to run a series of investor meetings. But rather than targeting the same investor base, the issuer has set its sights on a sterling-denominated trade.
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The Privatisation Commission of Pakistan has issued a request for proposals to firms to help lead a sell-down in State Life Insurance Corp (SLIC).
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Snam, the Italian natural gas transmission company, priced a €750m eight year bond on Tuesday, its first issue since it was added to the list of bonds that the European Central Bank will buy as part of its public sector bond purchase programme, or quantitative easing.
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BorgWarner, the US car engine and drivetrain maker, furthered the return of reverse Yankee bonds to Europe's corporate market on Monday, by issuing a €500m seven year no-grow deal.
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The Export-Import Bank of Korea (Kexim) timed its first outing to the offshore bond market after a sovereign rating upgrade perfectly. This time around, the Korean policy bank kept money on the table to woo US investors rather than relying on strong onshore demand to be aggressive with pricing.
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UBS announced the future sale of a euro denominated holding company transaction this week, as UK and Swiss banks look to get investors on board with the shift of issuance away from operating companies.
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Mölnlycke, the Swedish maker of wound dressings and surgical gloves, issued a €500m eight year bond on Monday, as the corporate bond market’s awakening from earnings blackouts continued apace.
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Worldpay, the UK payments processing company, on Thursday sold its first bond issue, a €500m deal — in what could be the busiest string of seven trading days since July, with four more deals roadshowing.
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Nordea Bank received strong demand for its first tier two debt in euros since 2012 on Monday, as the primary market remained otherwise empty.
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The Export-Import Bank of Korea (Kexim) is testing investors’ appetite for a dollar bond, its first since receiving a credit boost from Standard & Poor’s in September.
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Western Power Distribution, the UK electricity distribution network operator, kept the sterling corporate bond market’s run of form going on Wednesday with a £500m eight year issue.
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Just two and a half years after receiving a €10bn bailout from the Troika, Republic of Cyprus proved its capital markets rehabilitation is complete on Tuesday, by issuing a rare €1bn combined syndication and switch offer, writes Virginia Furness.