Commerzbank
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French automotive equipment supplier Faurecia on Tuesday printed a €200m tap of its €500 3.125% senior unsecured bond, then it returned to the high yield market for €100m more.
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Steel-based goods manufacturer Voestalpine has signed a €900m loan consisting of a €600m revolving credit facility and a €300m term loan.
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Stada, the unrated German generic and branded drugs maker, issued a €300m seven year bond on Tuesday, but failed to tighten the pricing, in tough market conditions.
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Stada, the unrated German generic and branded drugs maker, has hired banks for a seven year euro bond.
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An impressive order book allowed Allianz to ratchet in pricing on a new dated subordinated deal on Monday by as much as 15bp on initial price thoughts.
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German automotive supplier Schaeffler AG on Thursday announced a €1.5bn-equivalent dual currency three tranche bond issue, designed to opportunistically refinance high coupon debt.
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Commerzbank suffered from soft market conditions when selling a new three year trade on Tuesday, drawing only a small oversubscription despite offering what was judged to be an attractive premium.
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Axis Bank, India’s third largest private lender, has signed a $300m loan with a club of six lenders.
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Deutsche Annington (DAIG), the German housing company, has issued a €500m five year and a €500m 10 year bond.
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Equity accelerated bookbuild activity was lively this week, reflecting generally buoyant stock markets and investors eager for paper as quantitative easing begins to bite.
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Nationwide and Caixabank launched the only two covered bonds this week. Despite both issuers getting the funding they wanted, the final outcome was poor in comparison to past standards.
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Swiss toilet maker Geberit issued a €500m six year bond on Thursday, as part of the long term funding of its Skr1.29bn (Sfr1.21bn) acquisition of Finland’s Sanitec.