HSBC
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Top Right, the UK information and events group owned by Apax, has allocated its £435m-equivalent refinancing loan with a small change to the deal’s dollar tranche.
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Some senior unsecured FIG borrowers in euros were met with a less than stellar response from investors this week.
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Wells Fargo launched its first sterling bond issue in over two years on Wednesday, showing the appeal of euro funding for US banks has faded since January.
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Achmea Bank struggled to drum up interest for a euro print on Thursday, with syndicate bankers away from the deal blaming a limited premium and fears over Greece.
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Malaysia has cemented its return to the dollar debt market with a $1.5bn wakala that had investors scrambling for more. The country’s novelty value blew away any concerns surrounding its fiscal health and it managed to raise funds in style, with the inclusion of a new class of intangible asset in the asset pool — a first for a sovereign.
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Aluminium company China Hongqiao has received commitments from 10 banks for its $600m loan. The deal, which has five banks at the top, comes even as base metals face tough times amid uncertain demand.
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Industrial Bank of Korea (IBK) is wasting no time with its latest dollar bond, launching a five year trade on April 16 just one day after the official mandate of the deal was announced.
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Chinese department store operator Golden Eagle International Trading, which launched a $500m three year bullet into general earlier this month, has signed a facility agreement for a bigger loan with 12 lenders.
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Jerrold Holding, the UK mortgage company, on Wednesday announced a £50m tap of its £200m high yield bond sold in 2013, to repay part of its bank debt.
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UK engineering company Smiths Group has hired four banks to arrange a roadshow from April 20 for its second euro bond.
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Busy Bee, the UK nursery and early education provider for under-fives, has held a bank meeting this morning to market its £210m term loan ‘B’.
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Malaysia is making a rare appearance in the dollar market, opening books to a dual tranche offering on April 15. While the country’s first dollar outing in almost four years is already headline-worthy enough, the transaction is also notable for equaling Malaysia's record in terms of deal maturity.