Credit Suisse
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Simon Nixon, co-founder and one-time CEO of UK price comparison website MoneySupermarket.com, completed his exit from the firm on Wednesday night in the last of five block trades that together have brought him over £600m.
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Moody’s has released figures reflecting just how poorly leveraged finance in Europe fared in February, with loan issuance falling 70% from January's high.
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Mongolia is seeking up to $500m from its syndicated loan debut and has already received $250m of the funds.
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Credit Suisse launched a block trade in MoneySupermarket.com, the UK price comparison website, on Tuesday night. The trade is the fifth and last public block sale by Simon Nixon, the company's co-founder.
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The €150m floating rate note issued on Tuesday by Parex Group, the French construction chemicals manufacturer, has single-B ratings. However, high yield market participants said they need to see more issues before being able to draw clear conclusions about pricing for single-B issuers.
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Western Digital, the US computer data storage manufacturer, had bank meetings Wednesday in London for its $9.5bn loan package, backing its $17bn acquisition of SanDisk.
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Banks must make commitments to the $20bn tranche of ChemChina's Syngenta acquisition loan by March 22, according to a banker on the deal.
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Beverage company Femsa became the third Mexican company in a week to sell euro denominated bonds on Monday, jumping on an ECB-driven rally in credit markets to sell €1bn of seven year paper.
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BP Capital Markets kept its run of funding activity going strong on Monday, with a $500m five year Eurodollar transaction that was over three times oversubscribed.
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Parex Group, the French producer of chemicals for the building industry, began roadshowing on Monday for a €150m floating rate note, in the busiest month yet this year for the European high yield market.
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Diebold, the US cash machine (ATM) manufacturer, had bank meetings this week for its $1.3bn term loan ‘B’, backing its $1.8bn acquisition of Wincor Nixdorf.
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Rabobank took advantage of tightening spreads to grab €2bn of long dated senior funding on Monday,and after the European Central Bank’s latest round of stimulus measures more banks are expected to follow this week.