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Energy companies took advantage of record tight spreads as they joined a ‘perfect storm’ of dollar funding
Rates and credit under pressure as battle to be UK prime minister looks set to heat up
Amazon’s Swiss debut and Alphabet’s first yen deal jolted debt markets this week
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BEWiSynbra, a Norwegian packaging company, has contacted bondholders to get permission to refinance €215m of notes early with a new floating rate sustainability-linked bond issuance.
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Chinese property bond issuers continue to remain under pressure amid waning investor sentiment and underperformance of deals in the secondary market. While some companies are attempting to claw their way back, the sector still faces some big challenges.
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Panama City airport Aeropuerto Internacional de Tocumen defied what bankers and investors had described as an unenthusiastic early-August bond market to attract a large book on a dual tranche deal on Thursday. Demand was sticky enough for the issuer to price $1.855bn of new debt inside guidance, enabling Tocumen to gain important liquidity relief.
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Wells Fargo has informed staff in the US that it is delaying the reopening of its offices in the country as a result of rising Covid-19 cases.
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Becton, Dickinson and Co, the US medical technology company, has launched a tender offer on three dollar bonds, after announcing a multi-tranche outing in the euro market.
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Gemdale Corp reopened the bond market for high yield Chinese property companies on Thursday with a $480m green deal that landed at fairly 'aggressive' levels.
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