Europe
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Dutch bank ING made a triumphant return to the dollar market this week, launching its first SEC-registered trade in almost two years as it added to Yankee bank supply. -
A group of bondholders is threatening legal action against NordLB, claiming the German lender is acting in bad faith by trying to terminate its silent participation capital notes.
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Digital 9 Infrastructure, an investment trust that invests in digital assets, has completed a London IPO raising £300m for investments. Its first acquisition will be in a company that owns transatlantic fibre-optic cables used by large internet companies.
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France's Agence Française de Développement is looking to hire a director of its treasury and capital markets department.
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Financial institutions bond bankers are hoping to build back better in April after coping with a tumultuous end to the first quarter. They say the holiday season and a recent back-up in yields will combine to create the perfect conditions for a long-awaited credit rally.
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Confidence in Turkish assets hit fresh lows this week as investors struggled to digest a fresh wave of volatility after its central bank governor was sacked following an interest rate hike. With government and bank funding needs to be met in the international market, the Central Bank of the Republic of Turkey has a big job on its hands in regaining investor confidence — though some say the damage has already been done.
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The €750bn Next Generation EU programme — the European Union’s coronavirus recovery fund — is facing down a new set of legal challenges, having only just cleared a slew of political hurdles.
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Schuldschein investors are preparing for a debt restructuring cycle, with "more than a handful" of borrowers said by lenders to be in difficulty. As Germany changed its restructuring laws at the start of the year, some are confident the market can weather the storm.
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The final text of the European Commission’s draft Taxonomy of Sustainable Economic Activities has been described as a positive compromise. But one funding official has described it as untenable and unable to promote green covered bond issuance.
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