Barclays
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Finland showed what is possible at a deeply negative swap spread and sub 1% yield in the long dated part of the euro curve on Tuesday.
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Ineos, the Swiss-registered chemicals company, has set price guidance on its €750m refinancing loan in dollars and euros, slightly ahead of Tuesday’s 2pm lender call.
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Edenred, the French prepayment services company, issued a €500m 10 year bond on Tuesday to fund its €150m acquisition of 34% of Germany’s Union Tank Eckstein, and to refinance debt.
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Campofrio Food Group, the Spanish meat processor, has brought back to the market a €500m high yield bond it pulled in November.
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Barclays’ shares fell 3% on Tuesday to 255p after the bank’s full year results included a £1.25bn provision for FX rigging fines.
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Abu Dhabi Commercial Bank has tightened price guidance for its five year bond to 100bp area over swap from 105bp area.
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Vimpelcom has announced a buyback of up to $2.1bn of eight of its Eurobonds
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India’s largest residential property company Lodha Developers is looking to come to the market for its debut offshore bond, three months after it pulled the plug on what should have been its maiden issue.
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Short CNY swaps were better paid on Tuesday despite the People's Bank of China (PBoC) lowering the seven day repo rate. The bid helped drive some inversion momentum across the 1s/5s curve slope. Meanwhile, Barclays has published a 2y NDIRS trade idea, writes Deirdre Yeung.
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Ineos, the chemicals company now registered in Switzerland, has hired five banks to arrange its €750m refinancing project to replace bonds with term loans.
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A euro bond roadshow for Neste Oil, Finland's largest refiner, is set to finish on Friday. The company has mandated Barclays, Crédit Agricole, Danske Bank and Mitsubishi UFJ for the deal.
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Asiamoney is pleased to announce the winners of the 2014 Australia Awards. After suggestions by bankers from global and domestic institutions, we weighed the most impressive deals and banks in the market last year. The decisions were not always easy, but we hope to have picked a series of winners that truly highlight the breadth of potential in Australia's capital market. It was a good year for the overall market; it was a great year for the winners below.