Barclays
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Kloeckner Pentaplast, the German plastic film maker, has accelerated syndication on its €831m-equivalent loan in euros and dollars, designed to refinance debt and pay its shareholders a dividend.
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Busy Bee, the UK nursery and early education provider for under-fives, has held a bank meeting this morning to market its £210m term loan ‘B’.
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Changing investor attitudes towards contractual point of non-viability allowed Commonwealth Bank of Australia to draw a solid order book for a euro tier two deal on Wednesday.
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Moroccan fertilizer company OCP has released initial price guidance of 4.875% area for a 10.5 year dollar benchmark, offering around a 12.5bp new issue premium for the deal.
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Barclays has snapped up a hybrid structuring banker from Crédit Agricole.
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RWE, the German electricity and gas company, issued €1.25bn of hybrid bonds on Tuesday, which are expected to partly replace its €1.75bn hybrid issued in 2010 and to be callable in September.
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The FIG market could be set for a spate of issuance from the eurozone’s periphery in the coming weeks, with bankers tipping other financial institutions to follow Spanish pair CaixaBank and Ibercaja into the primary market.
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Petróleos Mexicanos has tightened price guidance for its dual tranche euro bond as combined books for the seven and 10 year deals hit €5.25bn.
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Pennsylvania’s Trinseo, a plastics manufacturer, wants to issue $750m of unsecured notes, including a euro tranche, to repay its 8.75% bond sold in 2013.
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Anheuser-Busch InBev, the Belgian-US brewer, showed how well Europe’s corporate bond market has recovered since Easter — and the apparent change in the market’s depth in the past year — by issuing a €3bn bond on Monday that found very strong demand.
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Japan Finance Organisation for Municipalities is set to add to a recent splurge of seven year dollar issuance on Tuesday, after mandating banks for a RegS deal on Monday.
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ZF Friedrichshafen is preparing to launch its long-awaited first public bond, to refinance its acquisition of TRW Holding of the US last year.