Credit Suisse
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Cemex, Thomas Cook, Telenet and Lowen Play injected €1.7bn of bond offerings into a visible high yield issuance pipeline already populated with Pinewood and CeramTec this week.
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Credit Suisse has declared the cost-cutting exercise in its global markets division over as it looks to regain market share in some product areas following its restructuring.
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German car company BMW became the third issuer to sell a deal in the infrequent Eurodollar new issue market this November, as well as solidifying its position as the largest seller of corporate MTNs in 2017.
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An undisclosed shareholder has sold $114m of shares in Mail.ru, the Russian internet services company. The sale came a month after the company's co-founder Dimitry Grishin placed 4.7m global depositary receipts with institutional investors in a block trade, after numerous reverse enquiries.
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Lugano nipped into the Swiss franc bond market on Tuesday, with its first issuance since Moody’s gave the city its first official credit rating. Lugano will likely be one of the last borrowers to raise Swiss francs this year, as the market enters its quietest month.
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LCH SwapAgent, the non-cleared derivatives calculation agent arm of the clearing house, has processed its first cross-currency basis swap, a trade between Deutsche Bank and Credit Suisse.
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Alibaba Group Holding navigated every roadblock on its way to a $7bn issuance on Wednesday, sealing the second largest corporate bond from Asia after its own $8bn debut three years ago. The unexpected sell-off in tech stocks and US Treasuries posed only a small challenge to the tech giant’s debt market return, writes Addison Gong.
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One of the last batches of the year’s Hong Kong IPOs kept the market busy this week, even as investors started to wind down for the holidays.
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Lead banks have scheduled a December date for the syndication of a €3bn equivalent multicurrency loan package that is supporting PAI and British Columbia Investment Management Corporation’s leveraged buyout of bottling company Refresco.
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Huarong Real Estate Co and Fosun International approached investors with different trades on Tuesday, with the former nabbing €500m from its inaugural offshore bond and the latter taking $300m from an opportunistic deal.
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China’s Hebei Construction Group is preparing to launch its potential $300m Hong Kong IPO on December 4, according to two sources close to the transaction.
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Srei Equipment Finance, a wholly-owned subsidiary of Srei Infrastructure Finance, filed a draft prospectus for its IPO with the Indian market regulator on Tuesday.