Credit Suisse
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Bank J Safra Sarasin is expected to become the third Swiss bank to sell debt in its home currency this week on Wednesday, with the issuer meeting investors on Tuesday. Local lenders Valiant Bank and Raiffeisen Schweiz both sold Swiss franc paper on Monday.
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FirstRand Bank is set to sell its inaugural Swiss franc bond on Tuesday afternoon, following fellow South African lender African Bank which has issued at least once annually in the currency for the last three years.
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New York Life Insurance Co sold its first Swiss franc bonds since 2006 on Tuesday, drawing interest for a five year deal despite a low coupon.
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Médi-Partenaires raised €110m on Thursday by tapping its May 2020 high yield bond to finance the purchase of the French hospital group by Médipôle Sud Santé, a rival operator backed by private equity firm Bridgepoint.
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Public Power Corp, the largest Greek electricity generator and supplier, has priced its long-awaited return to the bond market as a high yield issuer, and increased the deal to €700m.
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French geosciences firm CGG came to the high yield bond market for the second time in less than a fortnight on Monday, following its euro debut with a return to dollars.
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Mayer Brown has hired an ex-Chinese securities regulator as a partner in its banking and finance practice in New York.
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Korea Exchange Bank sold W122bn ($118m) of shares in semiconductor manufacturer SK Hynix on April 24, pricing the block at an extremely tight discount of 0.43%.
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China’s second largest internet security software provider, Cheetah Mobile, has reduced the potential size of its New York IPO by one third and is now looking to raise only $200m amid volatility in the technology sector.
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New York Life Insurance Company sold its first Swiss franc bonds since 2006 on Tuesday, drawing interest for a five year deal despite offering investors an eye-wateringly low coupon.
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New York Life Insurance Company is set to return to the Swiss franc market after an eight year absence on Monday afternoon, with leads marketing a five year trade. The issuer's strong rating — triple-A from two of the major rating agencies — is expected to draw in strong demand.