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Speed possible in the private placement market proves attractive, even if the issuer may pay a bit more for it
Gulf investors 'will now look at every deal', whether sukuk or not
Demand from the Middle East for the sukuk was steady
The deal has not been pulled or put on hold, said sources involved
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Puma Energy, the midstream and downstream oil company, has signed a five year loan that was oversubscribed by its relationship banks.
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The IPO of Steinhoff Africa Retail, known as Star, the African discount store assets of Steinhoff International, has been priced at R20.50 a share, the midpoint of the initial R18 to R23 range.
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FirstRand Bank has begun syndication of a $250m loan, aimed at Asian lenders.
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Millicom International Cellular has added to a growing corporate bond pipeline this week with a 10 year non-call five note, which will be combined with a buy-back.
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South African bank Investec signed a $600m syndicated loan on Wednesday, double the initial launch amount, making it the second successful bank financing to come out of the country this month after Standard Bank’s $1bn loan.
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Niche players see MiFID II's research rules as an opportunity to win market share.