HSBC
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Iris World Enterprises, an affiliate of Taiwan's Foxconn Technology Group, has picked three banks for its $300m borrowing.
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BMW is preparing for its second Chinese auto ABS of the year and is, once again, relying on a popular four-tranche, fixed rate/floating rate structure that it introduced to the market five months ago.
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The Asia ex-Japan bond market sprung to life on November 12 with China Huarong Asset Management, China State Construction Engineering Corp and Beijing Properties opening books for dollar bonds, while Korea Housing Finance Corp (KHFC) opted for a covered bond and Malaysia’s Axiata Group, a sukuk.
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Anheuser-Busch InBev has secured a $75bn syndicated loan, which has been described as “the world’s largest ever loan”, for its £71bn recommended acquisition of SABMiller.
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The Chinese auto ABS market is poised for a busy end of the year with BMW gearing up for its second transaction of 2015, returning with the Bavarian Sky China series.
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European Stability Mechanism printed a solid €1.5bn bond on Tuesday, falling just short of completing its funding target for the year.
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KfW and the City of Paris built healthy books for no-grow green bonds on Tuesday, as some bankers suggested the KfW deal showcased the lesser execution risk amid tricky conditions that green bonds offer over conventional deals.
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Two issuers made an opportunistic move in sterling on Tuesday, taking a combined £400m with a tap and a new issue.
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WPP, the UK advertising firm, attracted more than €3bn of orders for its four year benchmark bond on Tuesday as investors showed they were willing to turn on the taps for the right deal.
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Austria Technologie & Systemtechnik (AT&S), an Austrian printed circuit board manufacturer, has tapped the Schuldschein market. The firm is getting more than an attractive interest rate, as it exploits the product’s Asian investors.
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Istituto Centrale delle Banche Popolari Italiane (ICBPI) sold its €1.1bn PIK note on November 6 in what looked like a comeback week for the high yield bond market — but it turned out to be a short-lived pick-up.
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Enterprises in countries along the Belt and Road (B&R) initiative are on divided on the RMB’s chance of becoming a truly international currency, a Bank of China (BoC) survey published this week found.