HSBC
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JAB Holding, the investment company of the Reimann family that owns fashion brands Jimmy Choo, Bally and Belstaff, has mandated banks for its second euro bond.
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Shenzhen Qianhai Financial Holdings has successfully completed its maiden outing in the offshore renminbi (CNH) market. A good window, strong government link and a credit enhanced structure all helped the debutante achieve both its size and pricing goals.
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India’s Bharat Petroleum Corp (BPCL) has set roadshow dates for what will be its first dollar bond since October 2012.
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Gas Natural opted for a drive-by execution for its second hybrid bond, a €500m perpetual non-call nine year, and won a €1.1bn book on Tuesday.
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Unrated Italian power generation machinery company Ansaldo Energia's first corporate bond was particularly popular with domestic investors on Tuesday.
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The World Bank will test the short end in dollars on Wednesday, after a pair of issuers came at opposite ends of the curve on Tuesday.
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More issuers are expected to hit the sterling market this week after a deal from ASB Bank on Tuesday that was encouraged by weakness in the euro market and a lack of supply of sterling paper.
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Sinopec Group Overseas Development is looking set for another record-breaking transaction in the bond market, having opened books on April 21 for a multi-trancher and dual-currency whammy, which had netted a colossal volume of orders just half a day into bookbuilding.
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Bahrain’s Ahli United Bank has released price guidance for its perpetual tier one bond at low 7% area. A syndicate official away from the deal called the guidance fair and said the deal would act as a test of Middle East liquidity after the fall in the oil price.
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Doosan Heavy Industries & Construction has made a solid entry into the US dollar bond market, raising $500m from a deal that came backed by Export-Import Bank of Korea (Kexim). The transaction’s success and jubilant investor response bodes well for the wider market, opening up opportunities for other issuers to raise offshore debt with guarantees from policy banks.
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Home Credit and Finance Bank launched a tender offer for its subordinated $500m 2020s on Monday.
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Progroup, the German family-owned container and corrugated board producer, on Monday announced its debut high yield bond, part of a €525m refinancing deal that includes €125m of PIK toggle notes.