Deutsche Bank
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Property developer Country Garden Holdings has made a dash for the dollar market, pricing a 5NC3 bond one day after the end of the Chinese New Year holidays. The timing worked out well for the issuer, as the lack of competing supply meant it was able to generate a more than five times covered order book to print a $900m bond.
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Malaysian conglomerate Sime Darby is putting off the listing of its automobile arm Sime Darby Motors to the second half of the year pending an improvement in earnings.
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Six European covered bond borrowers launched deals worth a total €5bn this week and, despite setting new spread records, all were easily digested and performed well.
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Ivory Coast paid a lower new issue premium than expected to re-open the sub-Saharan sovereign bond market this week, sparking debate on the implications for other African borrowers.
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A trio of issuers took advantage of a lack of senior supply this week to price deals with drastically reduced new issue premiums compared to January.
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The State Oil Company of the Azerbaijan Republic (Socar) has mandated two banks to arrange its next Eurobond.
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AT&T, the US mobile phone service provider, returned to the euro bond market on Monday, issuing €2.5bn in 8.5 and 20 year tranches.
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Mexico has released price guidance for a €2bn dual tranche note with the deal over two and a half times subscribed.
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Arion Banki, which last year suspended a planned return to the senior unsecured funding market after investor feedback during a roadshow failed to meet the bank’s expectations, has begun roadshowing again for what would be its first benchmark euro bond.
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The $445m fundraising for a resort project by Sri Lankan conglomerate John Keells has been delayed due to new rules following a change in the country’s ruling party.
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Deutsche Bank announced late on Wednesday that it had pinched a senior banker from JP Morgan to be its head of corporate finance, and co-head of its corporate banking and securities unit.
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Real estate developer Country Garden Holdings is looking to become the first out of Asia ex-Japan issuer to tap the debt market following the end of the Chinese New Year holidays, opening books to a five year non call three transaction on February 26.