Crédit Agricole
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Régie Autonome des Transports Parisiens struggled to fill the order book for a no-grow €500m bond on Wednesday, thanks in part to confusion surrounding its eligibility for purchase by the European Central Bank.
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Île-de-France was able to tighten pricing by 5bp from initial price thoughts for its fourth foray into the green bond market and still managed to increase the deal from its initial target size.
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The 10 year Bund yield hit a record intraday low on Tuesday, as a German region increased a deal size and a French agency lined up an unconventional eight year deal.
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Air Liquide began the first stage of refinancing a €12bn bridge loan backing its acquisition of US competitor Airgas by issuing a €3bn five tranche bond on Monday.
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Île-de-France will open books for its fourth green bond on Tuesday morning, in spite of troubling US jobs data.
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Four banks have undewritten a bridge facility to support Groupe SEB's acquisition of WMF Group and the company is understood to be considering a small syndication of the facility.
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Banca Popolare di Milano and Banco Sabadell issued covered bonds which, despite their negligible new issue concessions, met with exceptionally strong demand.
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After a slow start to the week, a torrent of covered bonds was priced on Wednesday and Thursday, as issuers sought to move quickly in case the market succumbs to one of many potential political risks it faces this month.
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Nordic Investment Bank has mandated three banks to sell its second environmental bond of the year. The paper will be the supranational's second green bond to be denominated in euros.
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Abu Dhabi's Mubadala has tightened the margin on its $1.75bn three year refinancing, despite the price on the original loan already being “eye-wateringly low”, according to one banker.
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Japan’s SoftBank Group Corp has wrapped up a landmark $8.9bn sell-down in Alibaba Group Holdings through a combination of five separate transactions, including raising $5.5bn via the sale of mandatory exchangeable trust securities (METS). The size of the METS is impressive, making it the largest equity-linked deal globally since 2010, but it also came with a structure almost never seen before in Asia. Jonathan Breen reports.
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Ahlstrom, the Finnish fibre based materials manufacturer, has extended the maturity of its €180m credit facility with the approval of all of its lending banks.