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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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French pharmaceuticals company Sanofi revived the zero coupon bond on Tuesday as it returned to the bond market issuing its favoured triple tranche structure.
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Sumitomo Mitsui Finance and Lease Co issued on March 23 ¥5bn ($44.1m) of six month commercial paper with a yield of -0.001%, becoming Japan’s first private company to sell negative yielding debt.
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The inevitable set of quarter end data is set to arrive as March winds down. While G3 bond volumes from southeast Asia will be disappointing, there are plenty of other reasons to be positive.
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Adani Transmission has kicked off a series of investor meetings in Asia, Europe and the US to test appetite for an offshore rupee denominated note or Masala bond.
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Yunnan Provincial Investment Holdings Group (YIG) attracted strong demand for its maiden dollar bond on Wednesday as its link to China’s provincial government worked in its favour.
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Deutsche Post, the German courier, issued a €1.25bn dual tranche bond on Wednesday, winning a large order book as investors hurled money at the market.