Deutsche Bank
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A total of 12 banks have signed the mandate letter this week for Tata Steel’s multi-currency jumbo fundraising of around $5.62bn.
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Loxam, the French equipment rental group, issued €660m of senior high yield notes at par on Friday to refinance debt.
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Dutch port terminals developer Heysta Energy is about to allocate its €315m loan, raised through a special purpose vehicle, to back its buyout of HES Beheer.
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Indonesian telecommunications company Tower Bersama Group has sealed a loan of $300m dual currency loan, exercising the $100m greenshoe after the deal was oversubscribed.
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Tata Steel is kicking off investor meetings for what could be an inaugural dollar and euro denominated deal this week. In addition to being the latest in a string of Indian borrowers to explore the euro market this year, the company joins a club of high yield issuers from India that are surfacing in dollars.
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Indian Oil Corp has closed its $650m five year financing with 18 banks joining during syndication. The deal was described by bankers as a resounding success after commitments worth $1.15bn piled in.
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Property duo Sino-Ocean Land and Sunshine 100 are meeting investors next week in connection with a possible dollar offerings.
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Loxam to refi debt - Twin-Set to replace LBO debt
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Europcar, the French car rental company, has issued €350m of senior secured notes to finance the call of its 2017 bonds.
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KfW this week stamped its mark in the green bond market, printing a bond that is the largest ever single tranche green deal, the biggest new green issue by a supranational or agency borrower and the first to include quantitative impact assessment. The deal’s secondary pricing performance will be watched eagerly by bankers as a bond of this size and liquidity should help market participants determine where green bonds should be priced versus standard bonds — if they should be priced differently at all.
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The levloan market heralded the return of television content producers this week as Endemol set guidance on its €1.35bn refinancing loan and Liberty Global announced its intention to raise loans backing its latest acquisition.