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◆ Deal is the fourth EuGB labelled hybrid ◆ Issuer punches through fair value... ◆ ...and gets its tightest senior/sub spread
Abbott Laboratories plundered $20bn as it led a trio of drug companies which printed jumbo bonds as a deluge of supply in the dollar market ensured a red-hot end to the month.
◆ French supermarket chain extends curve to 2035 ◆ Deal lands through fair value ◆ SLB volumes slide despite 'flexibility'
UKPN purchase seen as positive by rating agencies, leads to senior and hybrid upgrades
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Hong Kong-based Li & Fung and Thai state-owned PTT have kicked off their liability management programmes, and plan to support their tender offers with new bonds.
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A range of Chinese issuers, including two property developers and a local government financing vehicle, have raised funds from the dollar bond market.
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The deadline for derivatives and debt market participants to move their financial instruments from an Ibor reference rate to an alternative is approaching but there are still fears in the industries of complacency about the migration.
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Adani Transmission, the Indian power transmission firm, has launched a US private placement, according to several market participants, in a debut set to test institutional investors’ appetite for Indian risk.
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Small cracks started to appear in the euro corporate bond market on Thursday, after a busy month, as companies launched a spate of deals. An already bulging pipeline means there will be little time for the market to catch its breath.