BNP Paribas
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The senior FIG market’s new year surge accelerated on Thursday, with another five new issues announced in the wake of Wednesday’s successful prints. Attractive new issue premiums have kept demand high for senior unsecured prints, according to syndicate managers.
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The Republic of Turkey re-opened the CEEMEA bond market in 2015 on Wednesday with a $1.5bn tap of its 2043s. Turbulence across EM and falling oil prices played to Turkey’s favour with the bond offering a haven to nervous investors. But as a result of the recent volatility, the country paid a decent new issue premium, bringing in a $5bn book.
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Danone, the French foods group, became the first European corporate bond issuer of 2015 on Wednesday, and attracted exceptionally strong demand for a €550m five year floating rate note and a €750m 10 year fixed rate bond.
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The Republic of Turkey, one of the emerging market countries expected to benefit from falling oil prices, is reopening its 2043 bonds today.
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Abbey National and Banque Fédérative du Crédit Mutuel have opened up 2015's market for fixed rate senior unsecured bank bonds, offering investors longer tenors than the three floaters from other issuers also in the market today.
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A consortium of ten banks has signed an HK$4.46bn triple tranche facility for CVC sponsored Hong Kong Broadband Network. The loan received much attention when agent JP Morgan first started sounding out banks, as some bankers felt it was too aggressively structured and with too loose covenants.
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The so-called Euro private placement market, which came to life in France in 2012, has reached a total of €3.9bn of issuance this year - its biggest year yet.
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BNP Paribas is creating a corporate debt platform in its financing solutions group, bringing together debt capital markets, loan capital markets origination and corporate acquisition finance.
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The ruffled state of Europe's high yield bond market will give Xavier Niel, the French telecoms entrepreneur, plenty to think about as he considers whether to use the market to finance his planned takeover of Orange Switzerland, the mobile phone company.
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Lippo Malls Indonesia Retail Trust has net a loan of S$180m ($137m) from a group of three lenders, with the first drawdown of the facilities expected to occur before the year ends.
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Terna — Vattenfall — Gamesa
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BNP Paribas has appointed Peter Kwok as chief executive of BNPP (China) on the back of rising demand from clients in China for sophisticated financial services. Kwok started in his new role on December 11.