Deutsche Bank
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US listed Chinese social media company YY successfully priced a $400m equity-linked deal on its second attempt to access the convertible market, by relaxing the pricing terms and following in the footsteps of Vipshop to use Asian demand to build momentum.
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All eyes are on Harbin Bank this week after the Chinese lender started receiving bids for its HK$10.1bn ($1.3bn) listing on March 19. The bank has not had the smoothest time in the lead-up to the launch, while it is also being impaired by regulatory constraints and lacklustre investor appetite.
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Total, the French oil company rated Aa1/AA-, launched its first benchmark euro bond of the year on Tuesday, after a $2.5bn issue in January.
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Half of UK plastic piping producer Polypipe is set to be put into freefloat as part of the company’s IPO, announced on Tuesday.
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Piraeus Bank has built a blowout book for its three year bond, in a transaction that could herald the coming of a wider array of peripheral borrowers.
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All has been quiet with Chinese retailer and property developer Maoye International’s debut dim sum deal as bankers hold back announcing deals amid a market filled with uncertainty. The Maoye deal had been expected to price last night, after bankers announced initial guidance yesterday morning.
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Indonesia’s CT Corp has wrapped up syndication of its $1.275bn fundraising, netting commitments worth $555m from a group of 19 banks.
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US listed Chinese social media company YY is back in the market with convertible bond after pulling a deal towards the end of last year, as it failed to attract enough investor interest.
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Virgin Media underlined its credit quality and the strength of its owner Liberty Global by issuing a three tranche high yield bond with 10.75 year and 15 year maturities on Friday.
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IT outsourcing business iGate is seeking to raise $325m of senior unsecured notes. The deal is being run from the US but is also being marketed to European investors.
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Irish aircraft leasing group Avolon has attracted new lenders to its banking group to sign a $500m eight year secured syndicated loan.
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Spanish pharmaceutical company Almirall wants to issue €325m of debut high yield bonds to refinance debt.