Barclays
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Synlab, the German laboratory services provider, is being acquired by private equity firm Cinven. The deal will be partly funded with €1.08bn of high yield debt which was priced on Thursday.
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German agency KfW expanded its stable of green bond issues to a fourth currency this week when it sold a debut sterling-denominated green bond.
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Zambia has released price guidance of 9.25%-9.75% for an 11 year amortising bond, at a yield level that was the highest for a sub-Saharan African sovereign benchmark.
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Central China Securities Co is placing out new H-shares in a deal expected to raise HK$2.53bn ($327m). The trade makes it the first Chinese broker to tap equity investors for funds since China’s stock market meltdown sent the region into a tailspin earlier this month.
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Adani Ports and Special Economic Zone has become the first Indian bond issuer in almost two months, successfully wrapping up its debut outing on July 22. Market observers welcomed the deal as it injected some much needed variety in the China-dominated Asian bond market, but its pricing was a point of debate.
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Barclays has promoted from within as it seeks to grow its underpenetrated corporate banking business in Asia Pacific, tapping Alexander Harrison for the newly-created role of head of corporate banking for the region.
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Slovenia priced a €1.25bn 10 year transaction on Tuesday with only a single digit new issue premium, according to bookrunners. The thirst for duration should help encourage other European sovereigns.
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Export Import Bank of Korea (Kexim) made a quick return to the offshore renminbi market this week, copying the pioneering approach it took in February when it sold the country’s first single tranche CNH deal to be listed in both Taiwan and Singapore.
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One of India’s largest port operators Adani Ports and Special Economic Zone is venturing into the international bond market for the first time, opening books for a 144A/Reg S five year on July 22.
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Time Warner issued a well received eight year euro bond on Tuesday, as it finally pulled the trigger on a trade that was first mandated at the end of April.
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World Bank joined a swarm of issuers looking to print in the dollar market with a mandate on Tuesday for the first 10 year benchmark in seven weeks.
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Two peripheral bank trades on Tuesday offered further proof that the FIG market is once again in rude health. Ibercaja Banco opened books on its long awaited tier two and Banco Popolare opted for a senior five year.