BNP Paribas
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Two equity accelerated bookbuilds were conducted in Europe on Tuesday evening. One was a private equity selldown of Thule – but more unusually, Capgemini raised €500m for an acquisition, at a 2.9% discount.
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Grupo Antolin, the Spanish car interiors maker, on Wednesday sold €400m of notes at 5.125% to repay a $525m bridge loan that funded its purchase of Magna International's car interiors business.
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Neopost, the French postal machinery maker that has used a wide variety of financing markets in recent years, issued its third convertible bond on Thursday June 11, in an unusual structure that will give it equity credit.
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Two first time bond issuers joined the corporate pipeline this week, with TDF Infrastructure and the University of Liverpool preparing to debut, despite a choppy primary market.
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Europe's investment grade corporate bond pipeline swelled even more on Thursday, though the primary market stayed silent, as HJ Heinz announced a roadshow to prepare funding for its merger with Kraft.
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Oi, the Brazilian telecoms company, is seeking to issue a €500m high yield bond, and buy back four old euro bonds.
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Chinese online gaming company Giant Interactive, which wrapped up a $850m leveraged buyout less than one year ago, will prepay the money this month.
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As the half year point of 2015 approaches, year to date CEEMEA volumes are at their lowest in six years. No bookrunner has escaped the plunge unscathed. But some have suffered more than others, and a rare few have taken a larger share of a shrinking CEEMEA market.
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Korea is hoping to get its first taste of covered bonds since a new act came into force in April 2014, with Kookmin Bank scheduled to meet investors next week.
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Bpifrance managed to increase a 15 year deal from its target size on Wednesday despite rocky government bonds markets, but had to print at the wide end of guidance and initial price thoughts.
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CMA CGM, the French shipping group, raised €175m on Tuesday by tapping its €550m senior unsecured bond, sold on Wednesday last week, when it abandoned a planned dollar tranche.
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Henri Foch, head of financial institutions coverage at BNP Paribas, has retired from the bank after more than 30 years in banking. Custody banker Jose Placido will take over running FIG coverage.