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GC Asia
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Safran looks to launch hefty US private placement
Safran is set to sell a large US private placement this summer, as the French aerospace and defence company looks to extend its maturity profile.
29 May 2020 -
ESG offers way out of panic market as investors bundle in
Corporate bond investors piled into the three environmental, social and governance trades on screens this week, as bankers said the focus in the high grade market is shifting from crisis mode back to socially responsible debt.
28 May 2020 -
Firmenich kick-starts hybrid market in Europe with solid inaugural deal
Firmenich, the Swiss fragrances company, reopened Europe’s corporate hybrid market on Wednesday, as similar deals lined up from companies including Dutch utility firm Tennet.
28 May 2020 -
European sectors hit hard by virus reliant on state lending
Tendam, a fashion retailer, is the latest Spanish company to get syndicated loan backing from state-owned Instituto de Crédito Oficial (ICO), as sectors hit hardest by the coronavirus pandemic lean on state support.
28 May 2020 -
Lufthansa board rejects €9bn bailout on threat of losing German flight slots
The board of Lufthansa, the German flag carrier, has rejected the terms of a €9bn state bailout that would have seen the European Commission require the company to relinquish flight slots in Frankfurt and Munich.
28 May 2020 -
ESG offers way out of panic market as BASF and Pearson launch deals
BASF and Pearson brought green and social bonds on Thursday, as sustainability-linked issuance continues to pull Europe’s high grade corporate market out of the darkest days of the coronavirus pandemic’s panic funding phase.
28 May 2020 -
Tencent jumps on ‘golden window’ for $6bn bond
Chinese tech giant Tencent Holdings raised $6bn from a four-tranche transaction on Wednesday. The deal, which attracted some $36bn of orders at its peak, proved that global investors are not being scared away from Chinese credits, despite the geopolitical risks clouding the country. Morgan Davis reports.
28 May 2020 -
Nomura looks to sustainable investment banking future
Nomura is eyeing acquisitions and a change in chief executive promises a reboot of its investment banking ambitions, writes David Rothnie.
28 May 2020 -
Thirty banks back O2-Virgin Media merger with £4bn bridge
Syndication of the £4bn bridge loan backing the merger of UK mobile phone company O2 — owned by Spanish telecoms giant Telefonica — with Liberty Global’s Virgin Media cable business was signed on Thursday.
28 May 2020 -
Chinese SOEs seal new dollar bonds
Shandong Hi-Speed Group Co and Taiyuan State-owned Investment Group were among the bond issuers on a relatively busy day for the primary dollar market on Wednesday.
28 May 2020
