Currencies
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Loan size increased marginally after refinancing
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◆ Wessex Water and Bunzl in sterling ◆ Manchester Airport and Mondi in euros ◆ Market shrugs off Friday’s weak non-farm payrolls number
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◆ ‘Exceptionally strong’ deal in tough market ◆ Rarity adds to appeal ◆ Danish krone benchmark could come next
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◆ US FIG issuance at steady pace despite volatility ◆ Range of domestic borrowers hit market, including BNY Mellon with a perp ◆ APAC banks print senior and subordinated debt
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Biggest corporate deal of the year follows Synopsys' $10bn to buy Ansys
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Covered and unsecured issuers await greater stability, despite positive signs in secondary
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Core SSA spreads suffer as EU-level funding expected to jump, but concerns also loom over Bunds and other govvies
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Big orderbooks and zero average new issue concession paid belies chaos in rates market
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Some borrowers think the risks outweigh the benefits
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The issuer is also looking to end a six year absence from publicly placed RMBS
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◆ HSBC prints A$1.5bn into 'growing market' ◆ Banco Santander lures buyers amid value vs euros ◆ Aussie market 'more appealing'