Citi
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Chile entered the market on Wednesday with its debut euro trade. It is also expected to announce a long dollar 10 year at the US open, which investors say could be printed at a yield of lower than 3%.
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Sunac China Holdings joined the procession of Chinese property companies that have come to the market since China cut borrowing rates. The company raised $400m from a five non call three year bond on December 2.
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After many days in which bankers have wondered why more sellers were not bringing block trades to what are very strong equities markets, today a burst of deals hit the screens.
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Publicis, the French advertising and PR firm, has mandated BNP Paribas and Citi to arrange a roadshow on Friday for a possible euro bond. The proceeds will be used as part of the funding for Publicis’s $3.7bn all cash acquisition of US company Sapient, announced on November 3.
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National Australia Bank has announced a 144A/Reg S deal hoping to print in what may be the only safe primary market format to sell bonds in for the remainder of the year.
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The Spanish insurance company Mapfre is near to completion on a loan refinancing deal with 11 banks.
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Linekong Interactive Co, which started testing investor appetite on Monday, December 1 for a $150m IPO, has had to turn away cornerstone investors due to swelling demand for the game developer.
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One of Asia’s most consistent sovereign issuers, the Republic of Indonesia, is set to tap the market four times in three different currencies next year, according to a spokesperson for the country’s Directorate General of Debt Management.
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Mobile game developer Feiyu Technology International Co priced its IPO in the middle at HK$2.20 ($0.28) a share to raise HK$659.21m, even as books were covered across the price range.
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Export Development Canada left US dollar investors with a sweet taste when it issued the last expected dollar benchmark of 2014. It printed a deal in line with — or slightly through — its curve that was still well oversubscribed and traded tighter versus Treasuries in secondary.
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Alibaba’s landmark $8bn bond has had an unpredictable time in secondary markets in the week since it was completed, as US and Asian investors reflected different views on pricing. But this does not take away from the deal’s achievements.
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The Republic of Indonesia has picked the banks that will sit on its bond panel next year, dropping one bank and appointing two new members.