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◆ Italian issuer pairs two sustainable formats ◆ Trade hits size targets ◆ Tight price tests investors' limits
◆ US drugs firm pays single digit NIP ◆ Friday deals growing more common ◆ Issuer moves ahead of anticipated quiet week
French company diversifies funding after inaugural dollar deal last year
Issuers rewarded with tight pricing
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Barclays has promoted Jon Pratt to the newly created roles of head of banking, Hong Kong and chairman of global finance, Asia Pacific as part of the bank’s efforts to merge its bonds and loans teams, according to an internal memo seen by GlobalCapital Asia.
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Beijing Infrastructure Investment has mandated six banks to work on a proposed international bond, just four months after it tapped the market with a euro offering.
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Charter Communications led a dramatic comeback for dollar issuance on Thursday as the US cable and telecoms company peppered the curve with a six-part $15.5bn M&A financing.
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Europe's corporate bond market went without a new issue this week, as issuers were once more forced to wait for an end to Greece’s protracted negotiations with its creditors. However, the market remains open for issuance at the right price, bankers said.
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This year has already proven to be a record one in terms of Chinese issuers taking advantage of the low yielding environment in Europe. But a pair of landmark trades over the past two weeks could drive issuance to scale even greater heights this year, writes Rev Hui.
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Corporate cash piles grew over the course of 2014 and, while they make up a smaller percentage compared to revenues, they are likely to stay high in the future, according to data from Moody’s.