Citi
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China Citic Bank International bucked concerns about the health of the European banking industry, driven by Deutsche Bank’s financial troubles, to seal a $500m additional tier one on Thursday.
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Endurance Technologies is set to raise Rp11.6bn ($173.4m) after unveiling the price range for its India IPO, which launches on Wednesday.
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Oman locked down $1.5bn this week, pricing “wisely” with a decent new issue premium and kicking off a busy few weeks of issuance from the Gulf Corporation Council’s oil rich, but cash poor, sovereigns as Bahrain and Saudi Arabia ready trades.
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A chaotic start to the week for the euro corporate bond market saw one deal pulled on a combination of soured sentiment and aggressive pricing, causing issuers to engage in a balancing act before risk appetite returned in force at the end of the week.
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Investors threw off the caution on Thursday that saw them hesitate over lower-rated investment grade corporate bond deals offering low spreads on earlier in the week.
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Dutch plastic packaging manufacturer Schoeller Allibert priced its debut €210m five year bond on Thursday, after strong recent results, while Norwegian Air Shuttle looks to tap its 2019s, following its failure to issue notes earlier this year.
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Honma Golf priced its Hong Kong IPO near the top of expectations on Thursday, raising HK$1.34bn ($172.7m) for the Japanese maker of premium golf clubs as long-only funds climbed onboard.
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Romania achieved a wafer-thin new issue premium for a €1bn reopening of its May 2028s on Wednesday.
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The Islamic Republic of Pakistan is returning to the international debt market for a dollar sukuk after a gap of two years.
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CK Hutchison raised $1.25bn and another €1bn ($1.12bn) on Wednesday, whetting investors’ appetite with a good marketing strategy and wise timing, according to bankers.
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Panama’s Global Bank has announced a tender offer for its structured covered bond.
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A range of credits from India, Malaysia and Greater China stormed the Asian debt market on Thursday, vying for investor attention.