Credit Suisse
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Germany’s Fresenius increased the size of its convertible bond completed on Tuesday from a planned €375m to €500m, after the deal was multiple times oversubscribed.
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Swiss travel agency Bravofly Rumbo launched a €120m IPO on Wednesday, as a run of IPOs jump in before the Easter break.
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Crossover credits ArcelorMittal and Fiat took advantage of a strong market to sell five and seven year euro benchmark bonds on Tuesday.
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Investors jumped on the opportunity to pick up exposure to rare insurance company subordinated debt, as Coface’s €380m 10 year bullet bond was prepped to price inside of comparables on Wednesday.
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Mexican conglomerate Grupo Alfa, owner of two well known LatAm bond issuers Tenedora Nemak and Alpek, could sell its first dollar bond by the end of the week despite officially being on a non-deal roadshow.
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Russian iron ore producer Metalloinvest has signed a $1.15bn pre-export finance facility to refinance existing debt.
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All eyes are on Harbin Bank this week after the Chinese lender started receiving bids for its HK$10.1bn ($1.3bn) listing on March 19. The bank has not had the smoothest time in the lead-up to the launch, while it is also being impaired by regulatory constraints and lacklustre investor appetite.
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Indian conglomerate Larsen & Toubro sold Rs5.95bn ($97.2m) worth of shares in its finance business – L&T Finance holdings – on March 18, pricing slightly above the transaction’s proposed floor price.
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Total, the French oil company rated Aa1/AA-, launched its first benchmark euro bond of the year on Tuesday, after a $2.5bn issue in January.
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Fresenius, the German healthcare business, has turned to the equity-linked bond market to source its final piece of funding for the acquisition of 43 hospitals from Rhön-Klinikum last year.
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The founder of online comparison website Moneysupermarket sold a £130m stake in the firm as the block market continues to see successes despite volatility.
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Italian carmaker Fiat joined the recent flurry of crossover issuers on Tuesday with a seven year speculative grade rated bond. The deal attracted strong demand of over €4.5bn, which allowed Fiat to issue €1bn.