Credit Suisse
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Bankers and investors said that a new deal from Paprec Group, the French waste recycler, showed that the supply of refinancing deals still had legs and could boost overall issuance volumes in the high yield market. Paprec's deal was also green, but did anyone care?
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Deutsche Bank has set the terms for the IPO of its asset management division DWS after securing a sizable anchor commitment from Nippon Life, the biggest life insurance company in Japan.
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Credito Valtellinese, the Lombard bank which is raising capital to meet requirements of the European Central Bank, has announced that investors have taken 83% of its pre-emptive rights issue, with several firms anchoring the deal.
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Core Industrial Reit, the Irish real estate investment trust backed by US hedge fund York Capital, has called off its €225m plus IPO in London and Ireland, blaming rough markets.
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Demand for speculative grade debt took different directions in the European leveraged finance markets this week. The primary high yield bond market may be showing signs of investor stress, but leveraged loan investors are gulping down big deals at tight margins.
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China National Chemical Corp (ChemChina) enlisted the help of 18 lead managers to sell a six tranche bond in two currencies on Wednesday.
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China National Chemical Corp (ChemChina) has raised $6.4bn from a six-tranche transaction in euros and dollars to refinance debt taken for Syngenta’s acquisition. The issuer was willing to pay up to take more on the long end of the curve, with the juicy premium summoning a book of more than $15bn at its peak.
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Chinese outlet mall trust Sasseur Reit has kicked off a fixed price bookbuilding for its S$396m ($301.3m) Singapore IPO, placing nearly half the deal with cornerstone investors.
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Investors this week showered orders on to the first bond issue from Teva Pharmaceuticals since a recent downgrade to high yield ratings. The hook? A 50bp-100bp premium over its old bonds in the secondary market.
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Credit Suisse is planning to issue its first ever green bond, with the proceeds earmarked for financing sustainable energy projects and climate action initiatives.
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Gategroup Holding, the Swiss airline catering company, is planning to list on the SIX Swiss Exchange in an IPO that will allow its Chinese owner HNA Group to raise leverage-funds after a global acquisition spree.
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Chinese online consumer finance provider VCredit Holdings filed a draft IPO prospectus with the Hong Kong Stock Exchange on Monday. It is expected to float on the bourse as early as April, according to a source close to the deal.