Europe
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Barclays began marketing a multi-tranche Samurai trade on Monday, as some FIG bankers claimed European banks were still baulking at the new issue premiums being offered by US visitors to the euro market. -
Ukraine’s creditors should be concerned that the IMF has not yet defined the status of a $3bn Eurobond that Ukraine sold to Russia, said Ukrainian analysts following a IMF/Ukraine government press conference on Sunday.
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Covestro, the polymer producing unit of Bayer, this morning released its intention to float (ITF) in Frankfurt, kicking off the first substantial listing process after the summer lull.
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A European sovereign debt management office is mulling a return to dollars before year end to build its curve in the currency — after ending a four year absence from the market in July 2014.
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Read on to see how selected French agencies are progressing through their 2015 funding programmes.
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Caja Rural De Castilla-La Mancha, UniCredit Italy and Banca Popolare di Milano named leads for prospective euro covered bond benchmarks. The two Italian deals are likely to emerge next week but the Spanish deal will not follow until after a roadshow.
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In this round-up, Russian bank VTB tightens co-operation with China Development Bank, latest Hong Kong and Singapore deposit data, the Azeri state oil fund reports first holdings of RMB in its foreign currency reserves, and Bank of China and China Construction Bank H1 2015 reports highlight progress in cross-border RMB business.
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After the first week of proper business in European equity capital markets since the August shutdown, the early signs are good: investors are open to buying new deals.
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Recent global volatility stemming from China’s stock market battles has prompted debate among credit traders about the potential impact of a US rate rise this month, and fears for the consequences should it be pushed back to a later date.
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The buoyant trend in the equity block trade market continued on Thursday evening, as Deutsche Börse raised €200m to finance its acquisition of 360T Trading Networks with a tightly priced sale of treasury shares.
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Rarity value ensured strong demand for Bank of Nova Scotia’s return to the Swiss franc market in a week that also saw local insurer Helvetia continue its series of successful hybrid placements.
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