Crédit Agricole
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Taiwan's stature as an offshore renminbi hub is being given a lift from expectations of the currency's further depreciation against the dollar. A flurry of deals came in the last month, with a particular surge in the last week.
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Weener Plastik, the German plastic packaging systems provider, has allocated its €250m acquisition loan on the back of heavy oversubscription.
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Crédit Agricole has named Atul Sodhi the head of debt origination and advisory for Asia Pacific in a newly created role that will see the amalgamation of loans and bonds origination teams, GlobalCapital Asia understands. The move follows the departure of the French lender’s Asia head of DCM.
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KfW was able to double its minimum target with a rare 20 year bond on Friday, using a tactic that SSA bankers away from the deal believe other issuers could follow over the summer.
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Marketing began this week for leveraged loans of €725m backing the merger of French private healthcare groups Vedici and Vitalia.
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World Bank reopened the tricky 10 year part of the dollar curve this week, paving the way for further issuance at the long end by public sector borrowers.
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Bolloré and Eurofins Scientific became the first unrated names to tap the euro market in July this week, showing that the market is back on track by drawing comfortably oversubscribed trades.
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The primary market for peripheral European covered bonds leapt back to life this week after a 12 week hiatus, with investors queuing up to buy a series of deals that emerged in quick succession.
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In what was hailed as a momentous, perhaps record breaking, week in high yield finance, Japanese telecoms operator SoftBank took the crown by raising the year’s biggest Asian offshore high yield deal, writes Victor Jimenez.
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Unrated French issuer Bolloré sold its second ever euro deal on Wednesday, drawing a strong order book that bodes well for Eurofins Scientific, another unrated corporate that could tap the market as soon as Thursday.