Europe
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Municipality Finance this week enjoyed a boost to its plans to term out its funding, as an investor placed a reverse enquiry order for a record breaking long dated euro note. -
Swiss telecom company Salt Mobile asked bondholders to waive covenants on some of its old notes while it also tapped them and sold a new floater on Thursday, all to fund a dividend to its owner NJJ Capital. The deals came to fruition but left some bankers and investors concerned about market discipline.
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Volkswagen is planning a return to public bond markets for the first time since it was engulfed by its emissions test cheating scandal in September 2015, write Michael Turner, Silas Brown and Jon Hay.
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