BNP Paribas
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CMA CGM, the French container shipping company, is offering $800m-equivalent of senior unsecured notes to refinance some of its old bonds, after being upgraded by Moody’s to B1. -
Air Liquide, the French producer of industrial gases, returned to the bond market on Wednesday after a one year absence. It had a strong order book for a no-grow trade, allowing the leads to tighten well from initial price thoughts and price with a minimal premium.
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Tieto, the largest IT services company in the Nordic region, has refinanced its flagship revolving credit facility, increasing it from €100m to €150m.
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RCI Banque, the finance arm of Renault, raised €750m with a seven year bond on Wednesday. While some away from the deal thought the size was ambitious, the bond traded well in secondary.
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Air Liquide, the French producer of industrial gases, returned to the bond market on Wednesday after a one year absence, and won a strong order book, enabling it to pay a minimal new issue premium.
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BNP Paribas is set to lose two experienced traders from its flow credit business in London.
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New issue concessions of 5bp were up for grabs on both Lloyds Bank and SBAB’s three year floating rate notes on Wednesday.
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A senior UK corporate finance banker at BNP Paribas has left the firm, GlobalCapital understands.
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Indonesian tower company Solusi Tunas Pratama’s latest borrowing has been allocated among 20 lenders. The deal, which is to refinance what is left of a bridge it sealed with five banks in December last year, saw scalebacks of nearly 50% on bank commitments.
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Europcar, the French car rental company which last week filed for an IPO, began a three day roadshow on Tuesday for a €475m high yield bond issue.
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Egypt has set roadshow dates for its 144A/Reg S bond.
