BNP Paribas
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In the first instalment of our 2015 awards, we present the winners for Best Project Financing, Best Leveraged Financing, Best Investment Grade Loan and Best Loans House. -
Europe's high yield market has made a remarkable comeback in the past fortnight, crowned this week when Ball Corp, the US can maker, priced a €2bn-equivalent bond, highlighting the bullishness of euro markets inflated by QE, writes Victor Jimenez.
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In a busy week for block trades in Europe’s equity capital market, Tuesday saw Bank of America Merrill Lynch is in action again, the day after its €750m trade in Safran shares with Barclays.
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FIG bankers rejoiced this week as two markets that have been much maligned this year — insurance capital and sterling senior — showed enduring appeal just in time for a year end funding grab.
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Austrian oil and gas company OMV emerged on Monday with a dual tranche hybrid bond that had been promised since August, but a broader revival for the product may have to wait until next year.
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Citigroup and Morgan Stanley have on Thursday night launched and closed the expected $2.5bn capital raising for Naspers, the South African media and e-commerce company, as an accelerated bookbuild. The sale is covered.
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Armacell, the German foam insulation manufacturer, is planning loan facilities for its €960m buyout by Blackstone and Kirkbi, a Danish investment firm.
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Havas, the French advertising and communications company, satisfied investors' taste for unrated paper on Tuesday as it gathered an almost three times oversubscribed book for its €400m bond.
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Heineken has been making up for lost time in public debt markets, issuing its second bond of the year on Tuesday, after being absent since 2013.
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Carlyle Group has sold its stake in RAC, the UK roadside recovery firm, to CVC Capital Partners in a deal that values the business at £2.2bn, including debt.
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Dümmen Orange, the Dutch flower breeder, has allocated its acquisition loans in an early bird syndication. The facilities are for BC Partners’ buyout of the firm from H2 Equity Partners and the Dümmen family.
