Citi
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Ethypharm, the French pharmaceutical firm, has allocated a €337m seven year term loan ‘B’ at tighter pricing than initial guidance, following a heavy oversubscription.
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Asia’s bond markets have remained resilient despite a Federal Open Market Committee meeting this week and rising concerns about the UK referendum on European Union membership. With deal flow building up for next week, bankers said Asian issuers stand to benefit from volatility in Europe, writes Narae Kim.
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Ooredoo executed a swift deal to snap up $500m ahead of the US Federal Reserve's interest rate meeting on Wednesday, printing inside its curve as demand for Middle East credits defied weak markets.
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Hotel Lotte’s IPO could yet go live by the end of 2016 despite being postponed on Monday after prosecutors raided the offices of Lotte Group, according to a statement from the parent.
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The EM bond market has churned out deals this week despite US Federal Open Markets Committee meeting and fears of the UK leaving the EU disrupting sentiment.
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Hotel Lotte could yet give a boost to South Korea’s equity capital markets by going live with its IPO by the end of 2016, announcing the possibility just days after it postponed its transaction.
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South Korea’s Woori Bank is expected to bring a dollar-denominated Basel III additional tier one bond to the market as early as September after its plans were abruptly put on hold in April due to a proposed changes in rules.
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US fashion brands group PVH Corp on Tuesday sold its first bond in the euro high yield market, amid growing concerns that the UK could vote to leave the European Union.
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Argentine pulp and paper company Celulosa Argentina has received approval from its board for a second attempt to issue international debt after the company’s CEO told directors that there would be appetite for new bonds thanks to the “new context” in capital markets.
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Abu Dhabi National Energy Company (Taqa) has released initial price guidance for a dual trancher in a choppy market, while Qatari telco Ooredoo has chosen to wait.
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Zhongrong International Trust has mandated banks for a Reg S dollar bond that could hit the market as early as this month.
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India’s Mahanagar Gas has finalised the marketing range for its Rp10.4bn ($154.7m) IPO that is set to launch later this month, according to a source with direct knowledge of the deal.