Credit Suisse
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Peru’s widely praised work in finding innovative structures for project bonds was taken international on Tuesday by fibre optic cable network project Red Dorsal.
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Swisscom sold its longest ever bond on Monday as part of a Sfr365m dual tranche transaction. -
Northern Rock Asset Management (NRAM) made a tender offer for its €2bn 3.875% November 2020 covered bond and intends to pay a 2% tender premium if investors surrender their notes before 4pm on April 17.
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Alok Industries’ $475m export performance bank guarantee-backed loan has netted another chunky commitment from a European lender.
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An SPV owned by the concessionary of Peruvian fibre optic cable network project Red Dorsal priced a $273.7m variable funding note (VFN) with Peruvian government guarantee and delayed draw structure both in place to reduce the cost to the borrower.
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At the end of a very busy quarter of block trades, business continues – despite the approach of Easter holidays. Tonight, UniCredit won an auction to sell 10.5% of Jenoptik, the German optical systems company, while during the day Goldman Sachs placed £164m of stock in Aviva.
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Liberty Global’s subsidiary UPC Broadband Holding BV on Wednesday priced a €1.1bn dual currency senior secured offer, which some high yield bankers saw as confirmation of a stable, busy pipeline.
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The Association for Financial Markets in Europe has appointed a new chair to lead the board of its equity capital markets division.
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The AA’s traditional investors on Friday helped the UK car breakdown insurance company price £735m of class ‘B’ notes inside price guidance.
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Tata Motors will open books on its nine-for-109 rights issue next month signing up a whopping nine banks to lead the deal. If the issue raises the targeted Rp75bn ($1.2bn) it will rank as India’s second largest ever rights issue.
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Hong Kong-listed China Traditional Chinese Medicine Co has raised HK$4bn ($516m) after selling shares via a private placement to 25 investors.
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Credit Suisse and Banco Espirito Santo could price a rare structured bond in Peru as soon as Tuesday, despite a quiet secondary market in Latin America bonds ahead of the long Easter weekend.
