Deutsche Bank
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Yanzhou Coal Mining has returned to the dollar market and is aiming to sell its perpetual bond. The bond follows a roadshow which wrapped up in Singapore on May 9.
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The Republic of Croatia will start investor meetings in Europe for a benchmark Reg S only bond on Monday (May 19).
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Maoye International Holdings priced its debut dollar bond on Monday, its third attempt to sell an international deal. With the right timing and careful guidance by dealers, the bond crossed the line with orders of $1.1bn for the $300m offering.
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Indian Oil Corp has mandated nine banks for its latest fundraising, with strong support at the top allowing the borrower to increase its loan to $650m from the $500m it had sought in its request for proposals.
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Hainan Airlines opened the books for a three year offshore renminbi transaction on Thursday, with investor demand reaching Rmb3bn ($481m) by late afternoon. The deal will be the first offshore RMB corporate bond to be listed, cleared and settled in Singapore.
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China Shanshui Cement has made its debut in the syndication market, launching into general a $300m three year facility for its refinancing needs.
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Investcorp, the Bahrain-based alternative asset manager, is set to sell its debut Swiss franc deal on Thursday afternoon, the first venture to the Swiss franc market from a Bahraini issuer.
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Bond investors are expecting Mexican construction company Empresas ICA to receive a strong response for a planned new bond after the company posted improved first quarter results.
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Five FIG issuers took to the subordinated markets to take advantage of months of undersupply this week, with the results highlighting not just the feverish grab for yield but also just how far banks have come since the crisis of 2008 in building their capital levels.
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Yankee banks returned to the dollar fray with opportunistic trades from Barclays and Westpac, with the UK bank mirroring a recent trend in euro deals by printing a long dated bond.
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Kazakhstan Temir Zholy (KTZ), the state rail company of Kazakhstan, mandated banks on Wednesday to arrange investor meetings in Switzerland and Kazakhstan ahead of a possible debut Swiss franc deal. No Kazakh issuer has ever sold Swiss franc denominated debt.
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Sovereign, supranational and agency issuers have been basking in the heat of rampant investor demand this week, as deals from the eurozone core to the periphery have drawn blowout books at super tight spreads. Such has been the demand that borrowers of all stripes have been able to pick their choice of currency and tenor at leisure.