Deutsche Bank
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Flint Group, which provides products and supplies for the printing and packaging industries, was oversubscribed in commitments for its €1.5bn-equivalent of debt, after widening the pricing on the Thursday.
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Frankfurt struck a blow this week in its battle to become Europe’s primary hub for renminbi business when German state development bank KfW became the first issuer to list renminbi bonds on the city’s stock exchange. The city is likely to become a popular spot for European issuers — particularly German corporations — listing similar debt.
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Compagnie de Financement Foncier (CFF) came to market with its second Obligation Foncière of the year on Tuesday, matching the previous deal’s €1bn size — but this time in a 10 year maturity, rather than five year tenor.
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Goldman Sachs was the clear winner in Apple’s $12bn bond deal after pocketing $15.3m in fees, or 64% of the $23.9m payout.
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Flint Group, a maker of products and supplies for the printing and packaging industries, has widened the pricing on €1.55bn-equivalent of loans, hours before commitments are due.
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Bank of Ireland highlighted the rehabilitation of financials from the eurozone's periphery in the eyes of investors on Wednesday by drawing a high quality order book for a new three year benchmark. La Caixa was also in the market with a comfortably oversubscribed three year bond.
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Montenegro is on the road next week, visiting investors in Zurich and Geneva on Tuesday, Munich, Vienna and Frankfurt on Wednesday and London on Thursday. Citi, Deutsche Bank and Erste Bank are arranging the meetings.
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An orphan special purpose vehicle that is raising a loan of around $2bn to finance oil purchases by BP from Rosneft is still moving ahead with the deal, but in the tense atmosphere around Russia, has abandoned plans to tighten the margin.
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Colombia oil pipeline operator Ocensa brought spectacular price tightening and bumper books back to the LatAm bond market on Wednesday when it priced a $500m debut bond 40bp inside initial pricing thoughts.
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Apple’s $12bn bond issue yesterday came almost a year to the day after its then-record $17bn issue on April 30, 2013. The deal reprised last year’s issue – regarded effectively as an inaugural transaction, since Apple’s only previous bond had been a $300m issue in 1994 – in other ways, too.
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Public Power Corp, the largest Greek electricity generator and supplier, has priced its long-awaited return to the bond market as a high yield issuer, and increased the deal to €700m.
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Strong demand from European investors allowed Intralot, the Greek gambling products and services provider, to increase its high yield bond to €250m today and close the books ahead of schedule.