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◆ Heathrow and ADP offer concessions for longer dated trades ◆ Investors 'more selective' and 'want to be compensated' past 7 years, says banker ◆ Avinor's state-owned status helps it land through fair value
◆ No bitter unrated taste as book grows throughout pricing ◆ Investors keen for household unrated names ◆ Price discovery needed
◆ Stellantis sees stronger demand for shorter leg of €1.25bn dual trancher ◆ RCI Banque prices €750m 5.2 year tightly ◆ Ford finds demand in short end sterling
◆ Big move for AkzoNobel, three months after last trade struggled ◆ Orders peak near nine times the deal size ◆ Deal comes through fair value
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Hong Kong’s Securities and Futures Commission has slapped Moody’s Investors Service with a HK$11m ($1.4m) fine for what the regulator says are shortcomings in a 2011 report on Chinese issuers published by the agency.
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CK Hutchison Holdings has kicked off bookbuilding for a euro-denominated dual-tranche offering, which will mark the firm’s return to the currency after a gap of 18 months.
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Sunshine Life Insurance Corp has embarked on a roadshow for what would be its debut international offering, while Beijing Automotive Group (BAIC) is seeking approval to raise new debt.
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The Asia DCM market opened to a slew of issuance on Tuesday with Singapore duo Olam International and PSA International, Korea National Oil Corp and Japanese lender Mizuho Financial Group looking to tie up their respective dollar transactions.
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TDF Infrastructure, the French broadcasting infrastructure operator, issued an €800m bond on Thursday, which brought in more demand than its last offering.
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Bond bankers have declared an "open runway" for dollar issuance with the Federal Reserve renewing its dovish tone this week, but market participants have warned that macroeconomic concerns are fully capable of haunting credit markets again.