BNP Paribas
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A trio of French companies moved ahead with Schuldschein deals this week, and bankers expect the coming weeks to be packed with borrowers seeking to raise funds before the summer. -
The latest chapter in the US-China trade war resulted in some serious market turmoil this month. But Hong Kong seems to have avoided the worst of the volatility: the city’s stock exchange approved four applications and each issuer has hit the road. Will investors bite? Gina Lee and Jonathan Breen report.
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Frasers Centrepoint Asset Management, manager of Frasers Centrepoint Trust, is planning a sale of up to S$436.8m ($308m) in new trust units.
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A high yield bond origination banker has left BNP Paribas.
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Export-Import Bank of Malaysia is tapping the offshore loan market for a $300m Islamic borrowing.
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France’s Vilmorin & Cie has launched a €150m multi-tenor Schuldschein, as French corporate appetite for the traditionally German private debt market shows little sign of abating.
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Dutch firm Mercon Coffee Group has signed a $450m sustainability-linked revolving credit facility. The lead bank claimed the deal was the first of a kind.
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Xinyi Energy Holding, a Chinese solar power producer, has hit the road to begin drumming up interest in its up to HK$4.4bn ($564m) IPO, according to a term sheet seen by GlobalCapital Asia.
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European corporate bond investors showed they were hungry for paper on Thursday, despite the gloom infecting equity markets this week about the prospect of a restart to the China-US trade war. A flurry of issuers came to the market, hot from roadshows, and got plenty of over-subscription while slashing their spreads by 20bp to 30bp.
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Ireland set a new order book record when it issued a curve-extending long 30 year bond on Thursday.
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Eagle Hospitality Trust extended bookbuilding for its Singapore IPO twice because of market jitters following US president Donald Trump’s tweet this week about Chinese trade tariffs, according to a source close to the deal.
