Credit Suisse
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China Huarong Asset Management Corporation (AMC), one of China’s four big AMCs, is meeting investors next week for what would be its inaugural international bond.
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Jamaica made a triumphant return to bond markets on Tuesday just a year after its last debt restructuring, showing of the strength of the high yield market by clinching its lowest ever coupon in international markets.
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VTB Bank on Thursday became the first Russian issuer to issue in the Swiss franc market since Russia’s annexation of Crimea earlier this year, shrugging off the worries of some syndicate bankers to increase the size of the subordinated bond while pricing competitively to Gazprombank’s own Swiss franc tier two.
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UK frozen foods producer Iglo has priced the loans and bonds in its €1.7bn refinancing facility, and scrapped plans for a fixed rate bond in favour of just issuing a floating rate note.
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German industrial packaging group Mauser this week priced the tranches of its $1.6bn acquisition loan at the tight end of guidance and inside it, while keeping covenant-lite terms on all tranches but one.
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UK frozen foods producer Iglo has priced the loans and bonds in its €1.7bn refinancing facility, and scrapped plans for a fixed rate bond in favour of just issuing a floating rate note.
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Credit Suisse returned to its home market on Tuesday to sell its first public Swiss franc senior deal in almost four years. The issuer’s strong reputation and fair pricing allowed it to increase the deal in response to investor demand.
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The State of North-Rhine Westphalia showed that Swiss franc investors still have an appetite for high quality paper when it returned to the market after a three year absence this week. The paper sold well to a clutch of investors on the hunt for high grade paper, despite a punitive spread through mid-swaps.
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One week after unveiling the identities of its partners, Alibaba is back in the spotlight once again with another step towards its jumbo IPO. The e-commerce giant has finally chosen the New York Stock Exchange as the home for its American Depositary Shares under the ticker symbol BABA.
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VTB Bank is set to become the second Russian issuer to tap the Swiss franc market this year, selling a tier two bond on Thursday. The deal is receiving a positive response from investors, according to bankers involved, despite some concerns about the geopolitical situation in Eastern Europe following Russia’s annexation of Crimea.
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Chinese company Giant Interactive has closed its $850m leveraged buyout loan almost three months after it opened into syndication, with eight banks joining the deal.
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Credit Suisse plans to launched its swap execution facility aggregation service in August. The service will be offered via the firm’s existing e-trade platform PrimeTrade, which provides rates, fx and futures trading capabilities. Credit Suisse’s SEF aggregation service will deploy a sponsored access model, different from a similar service offered by UBS, which uses an introducing broker model.