Credit Suisse
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Kuka, the robotics and automation company headquartered in Augsburg, Germany, has issued a €250m Schuldschein note.
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Barclays already has a clear strategy for its investment bank and now it could be about to appoint the CEO to deliver it. But bigger questions lie ahead for all of Europe’s banks to remain competitive, writes David Rothnie.
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Garfunkelux, the German debt collection company, on Thursday issued £795m of notes, in the first sizable European high yield issue for three weeks. Market participants are now eager to see how the deal will trade in the secondary market.
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The third largest takeover is on. Brewer SABMiller has agreed to be bought by Anheuser-Busch InBev for £68bn, in a deal that shows continued investment confidence in Africa — one of the main attractions of SABMiller for InBev, which is weak in the continent — bucking the trend of pullback from emerging markets.
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Swiss commodity trader Gunvor is building momentum for around $1bn of refinancing loans, with commitments due by the end of the month.
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Private equity firm Permira is merging German debt collector Garfunkelux, which it acquired in July, with British peer Lowell Group — a deal that could play the ‘market opener’ role bankers and investors have awaited since September.
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Duo leads Tata Chem’s sterling financing — ONGC to net $1.775bn from four — Viettel Cambodia beams $50m loan — Minsheng Leasing trims borrowing to $150m
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Nomad Foods' €285m incremental cov-lite term loan illustrates how the leveraged loan market has widened, bankers have claimed.
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Credit Suisse has made two senior hires in Hong Kong, poaching them from rivals Standard Chartered and Morgan Stanley.
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Ascendas Real Estate Investment Trust (Reit) attracted strong demand for its S$300m ($210m) subordinated perpetual bond, with institutional investors drawn to its credit rating and good name.
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Nomad Foods, the packaged foods company, has arranged an incremental cov-lite term loan of €285m through its subsidiary Iglo Foods Midco.
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Commodity trader Gunvor has launched its $1bn annual loan refinancing, following a deal for its Asian subsidiary that doubled in size after strong demand from lenders.