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Embattled utility makes final plea for court to sanction £3bn in emergency funding
Thames Water refinancing battle is an unedifying mess
Embattled utility asks judge to approve £3bn lifeline as creditor groups keep fighting
High yield issuers may be worried about market access, but some do not see them losing it
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  • Ronshine China Holdings added $120m to its coffers on Friday after a tap of its $300m 2023 notes, using up the last of its offshore issuance quota.
  • Shandong Ruyi Technology Group Co’s outstanding $345m bond, which is only two months from maturity, jumped by over 10 points in the secondary market last week. The move was a response to the company's attempts to improve its liquidity position, including through the announcement of a tie-up with a government-owned entity.
  • Health and Happiness International Holdings, Yibin Emerging Industry Investment Group Co and CCB International were among those which priced dollar bonds on Thursday.
  • The next economic downturn will be much more severe than the last financial crisis because firms have twice as much outstanding debt as they did in 2008, said a leading academic this week.
  • A surprise agreement between the UK government and the European Union has led to renewed optimism for the country's capital markets. There is hope that an orderly Brexit, or even a long extension, will lead to an increase in investment from UK companies, particularly in the form of M&A. Investors are more than willing to finance these deals, write Sam Kerr, Jasper Cox and Mike Turner.
  • Paolo Cicchine will join Deutsche Bank as vice-chairman of global healthcare coverage.