Deutsche Bank
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Apax-owned Top Right, the UK information and events group, has launched a £435m-equivalent refinancing loan that will be denominated in dollars and euros.
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Aabar Investments, the Abu Dhabi investment group, raised €2bn with its second exchangeable bond on Tuesday, to repay a €1.25bn exchangeable into Daimler shares it issued in 2011.
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Air France KLM may have to offer a yield of up to 6% on its unrated hybrid bonds, according to market participants.
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Veolia Environnement, the French water and waste management company, has announced a global investor call for a new bond issue as it tenders for three existing notes.
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DTEK Energy Group, the largest privately owned energy company in Ukraine, is warning of a possible default as it attempts to exchange its $200m Eurobonds due April 28, 2015.
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Hyundai Capital Services returned to the offshore debt market, pricing a 5.5 year dollar bond on March 23. The rarity of high quality Korean corporate credits, the name value of Hyundai as well as a recent rating upgrade attracted strong demand, allowing the Korean issuer to achieve both its size and pricing aims
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Monday was a bank holiday in Colombia but so well has the market reacted to last week’s US Federal Reserve statement that the South American nation ignored a sleepy day in Bogotá to stride into markets and tap its recently issued 2045s.
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Aabar Investments, the investment arm of Abu Dhabi’s International Petroleum Investment Corp, is this evening bookbuilding a bond of €1.5bn to €2bn, exchangeable into shares of UniCredit.
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French water and waste management company Suez Environnement has refinanced its hybrid bond, due to be called in September, with a new €500m non-call seven year hybrid.
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Kevin Latter has been appointed head of investment banking in South Africa at Bank of American Merrill Lynch.
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Hyundai Capital Services has returned to the international market, opening books to a 5.5 year 144A/Reg S dollar bond on Monday.
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GF Securities is making a big splash in the ECM market, opening books for its Hong Kong IPO of up to HK$27.9bn ($3.6bn) on Monday, March 23 and offering a very generous discount to where the company’s A-shares are trading. The bargain buy has resonated well with the market, with cornerstone investors having signed up for more than half of the entire trade.