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The World Cup is being played outside European trading hours, but don't underestimate its potential for disruption
Hybrid capital is open to the big US tech companies. But who needs an umbrella when the sun is shining?
◆ UMG takes €1bn with first public trade in three years ◆ Trade punches through fair value ◆ Investors not concerned by AI or M&A
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MUFG has appointed Randall Chafetz — who was its first non-Japanese executive officer — to the new role of vice-chairman of the global corporate and investment bank, based in New York.
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Although some bankers, keen on London life, are scrambling for ways to avoid having to move to the EU, further relocations due to take place this year will help build the critical mass needed for a vibrant pool of talent to emerge in hubs like Paris and Frankfurt.
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UK pub company Punch Taverns has launched a £600m senior secured high yield, which will pay off its remaining securitization debt in the Punch 'B' securitization — the only remaining part of Punch’s giant £2.4bn stack of securitized debt, the focus of one of the UK’s most contentious restructurings back in 2014.
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Red-chip issuer China Everbright Environment Group has raised Rmb2bn ($313m) from a Panda bond, ahead of a planned outing by sister company China Everbright Limited this week.
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Frozen food supplier Nomad Foods has launched the bond leg of the financing for its acquisition of central and eastern European peer Fortenova, having priced the loan part earlier this month.
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Stellantis, the entity formed by the merger of car makers Fiat-Chrysler Automobiles and PSA Group, printed what the lead managers reckon was the longest maturity bond in euros from the sector in its ratings bracket, though the market was divided over whether peers could print similar deals.
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