HSBC
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Price guidance is expected imminently on the IPO of insurance company ASR Nederland, which is closing on Thursday and looks set be the biggest in the current spate of Dutch equity capital markets deals, beating last month’s listing of Philips Lighting.
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Titan Cement is set to become the first high yield issuer of the year from Greece, after more than six months without issuance from the country.
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Abu Dhabi National Energy Company (Taqa) is embarking on a roadshow for a new dollar senior unsecured bond through six banks.
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Commercial Bank of Qatar shrugged off signs of fatigue after $24bn of GCC supply this year to print a $750m five year on Monday.
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Chinese conglomerate, Citic, raised $1.25bn from dual-tranche dollar notes, which were its first outing to the dollar bond market since changes to its structure nearly two years ago. The markets were still jittery but the issuer was able to live up to its name value by effortlessly raising the target amount and saving costs.
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Industrial conglomerate Cosan will be hoping market conditions do not turn against it for a third time after it launched a tender offer and announced investor meetings ahead of a possible new bond.
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Tianjin Infrastructure Construction (TJII), China State Construction Engineering Corporation Limited and ICBC’s Dubai branch are out in the dollar bond market on Tuesday with their respective fundraisings.
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HSBC has announced the structure of its newly combined global banking division, which merges the old capital financing and banking divisions, following the appointment of Matthew Westerman as new co-head of the combined business. The six product teams in capital financing, and the six sector coverage teams in banking, will be replaced by nine combined groups in the new division.
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The Chinese securitization market’s growing comfort with auto ABS was on show last week when Dongfeng Nissan Auto Finance was able to double the amount it was able to raise compared to its most recent outing in 2015.
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Chinese broker Citic Securities is out with its first outing since October 2014, having opted for a dual-tranche offering split between a 5.5 year and a 10 year tranche.
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Four banks have undewritten a bridge facility to support Groupe SEB's acquisition of WMF Group and the company is understood to be considering a small syndication of the facility.
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SES, the Luxembourg-based satellite operator, opted to ignore the announcement of US non-farm payrolls today, traditionally a reason for the European corporate bond market to take a day of rest, and issued a benchmark hybrid bond on Friday.