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People moves in brief
Del Canto joins Berman at agora — O'Higgins to retire from ICBC Standard — Miller becomes new IBCM head at Credit Suisse
07:00 PM -
Teva prepares to term out funding but opioid problems weigh on costs
Generic pharmaceuticals firm Teva has released price thoughts for a $1.5bn bond refinancing, which will term out its maturities. But the levels on offer show potential opioid litigation is still weighing on the firm’s capital structure. The Israeli company settled with a group of US states at the end of October, sending its shares and bonds surging, but the firm faces a trial in New York next March.
01:00 PM -
Commerzbank set to double down on Mittelstand and existing clients
Commerzbank’s corporate clients division will focus on small and medium-sized enterprises (SMEs) and cross-selling over pure growth, as it continues with its latest strategic plan.
12:15 PM -
Debt bankers change tactics as HK turmoil rages
Asian debt bankers were forced to react to a tumultuous week of protests in Hong Kong, cutting short the bookbuilding window for new deals. But although bankers had to change tactics, the market largely endured the turmoil. Addison Gong reports.
12:00 PM -
Pricing hurdles foil Gome’s exchange/new issue efforts
Gome Retail Holdings, a Chinese retailer of electronic appliances, has cancelled an exchange-plus-new-money transaction, after investor feedback on pricing pointed to a higher yield than it wanted to pay.
11:45 AM -
Hong Kong turmoil creates speed bump for Tata Motors
India’s Tata Motors was dealt a blow by the market on Wednesday, as it was forced to contend with protests in Hong Kong as it tried to sell a dollar bond.
09:15 AM -
Crédit Ag promotes syndicate head
Crédit Agricole has promoted its head of debt syndicate to a larger global role.
13 Nov 2019 -
ECB's big appetite cheers fussy diners
High grade corporate bond investors are feeling enlivened after the European Central Bank announced bumper figures for its Corporate Sector Purchase Programme for the start of November. That bucks the trend some syndicate desks had detected, of demand starting to wane, coming out of earnings season.
13 Nov 2019 -
CS hires Deutsche’s von Schwedler for healthcare
Credit Suisse has chosen a banker from Deutsche Bank to co-lead its healthcare team in Europe, the Middle East and Africa.
13 Nov 2019 -
Mediobanca plots advisory, mid-cap push
Mediobanca’s plan for the next four years involves boosting advisory origination and using capital more efficiently in its corporate and investment bank (CIB). It is also committed to issuing a sustainability themed bond.
12 Nov 2019
