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Euro

  • Diesel engine maker Weichai Power has gathered liquidity from 13 lenders during the general phase of its €310m ($334m) five year loan.
  • Automobile parts maker Zhongding Hong Kong is back in the loans market after a year and a half for a €150m ($156.6m) three year facility.
  • Bank Nederlandse Gemeenten (BNG) launched the first SSA benchmark of 2017 on Tuesday. While the agency raised €1bn, its success was muted in comparison with the way it opened 2016.
  • SSA
    As a year where political upsets became the norm drew to a close, GlobalCapital picks the standout trades from a turbulent 2016.
  • France has wasted little of 2017 in getting its green bond to market having missed the chance to be the first sovereign to print in the format when Poland brought a deal at the end of last year. It announced on Tuesday the six banks that will run the trade.
  • The Basel Committee said on Tuesday that it will not be ready to announce the final calibration of the ‘Basel IV’ measures next week, as previously planned.
  • France will aim for the long end of the curve with its first ever green bond, which it plans to syndicate in 2017.
  • Five banks supervised by the ECB are failing their ‘maximum distributable amount’ triggers, based on capital levels at the end of the second quarter, according to details of this year’s capital decisions published on Thursday.
  • CEE
    Turkey’s Elazig Hospital has placed an innovative project bond, the structure of which enabled it to achieve a rating two notches above the Turkish sovereign. With infrastructure financing needs huge in the emerging markets, the deal sets a strong precedent for future issuance.
  • The Irish National Treasury Management Agency has set a higher funding target for 2017 than its 2016 figure, according to a funding statement released on Wednesday.
  • The Greek government’s plan to return to the bond market next year is unlikely to garner much interest from investors unless it pays an inflated price, despite a series of short term debt relief measures agreed this week, said public sector bankers.
  • The European Central Bank announced a series of tweaks to its asset purchase programme on Thursday, sparking disjointed market moves as investors and traders tried to discern whether the central bank’s move had disappointed or not.