Europe
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The UK will issue its first green Gilt via syndication in September, with consultations to be held during the summer to determine the market’s preferred maturity for the bond. -
Bank of Montreal attracted good demand for a €1.25bn eight year covered bond on Tuesday and paid a modest new issue concession. The outcome was deemed a fine result given that market conditions are not at their best.
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NatWest Markets will post two SSA bond bankers to Paris this summer, including the head of its frequent borrower group syndicate.
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Hungarian Development Bank is set to return to bond markets as it seeks €500m of funding, a year after it last raised international debt.
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Primafrio, the Spanish freight logistics company specialising in the refrigerated transportation of fruits and vegetables, has launched an IPO on the Spanish stock exchange.
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PrimaryBid, the app that helps UK retail investors invest in share sales by London-listed companies, is launching in France as part of its ambition to expand into markets across Europe.
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Aegon Bank has mandated leads for its first soft bullet covered bond with a deal in the ultra-long end, where demand has proved tricky more lately. Unlike Aegon’s previous conditional pass through (CPT) issuance, this transaction is eligible for the ECB's Covered Bond Purchase Programme.
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Generali launched a takeover bid for fellow Italian insurer Cattolica this week, leading to a sharp rally in the value of the smaller and once beleaguered firm’s tier two bonds.
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Close Brothers Group has launched a process to buy back its only tier two bond, as it looks to replace the deal eight months before its first call date.
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French digital music company Believe has fixed the terms for its €300m IPO on Euronext Paris, after scaling back the deal size amid a challenging market for new stockmarket listings in Europe.
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The EU has published the first list of its primary dealers to lead the bloc’s mammoth Next Generation EU (NGEU) funding task, which could start as soon as this month following the ratification of the bloc's Own Resources Decision.
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