HSBC
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Bank of Nova Scotia (BNS) priced its third euro benchmark of the year, and its fourth covered bond benchmark across all currencies, on Tuesday. The deal took advantage of space created by robust Eurosystem central bank demand at the short end. And responding to reverse enquiry, the issuer also priced a £250m three year floater.
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Louis Dreyfus — Geberit — Heathrow — Arkema
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Amdipharm Mercury (AMCo), the UK generic pharmaceuticals group owned by Cinven, has widened pricing on its £984m refinancing and recapitalisation loan, as investors worry about a £420m dividend for its owners.
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Afreximbank printed a $200m tap of its $500m 4.75% 2019s on Wednesday from a $475m book. The note was sold at a 10bp-15bp new issue premium.
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The US investment grade corporate bond market barely blinked this week when the US Federal Reserve called time on quantitative easing. Companies hit the market ahead of what is expected to be a bumper November for new issuance.
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Asian Development Bank brought its first dim sum in four years on Thursday, hot on the heels of a private placement in the format from Export Development Canada — its second offshore renminbi deal ever. The trades follow a dim sum from Province of British Columbia earlier in the week.
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Nigeria’s Fidelity Bank is looking for a $100m two year loan, at the start of an expected wave of international loan financings from the country.
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Afreximbank printed a $200m tap of its $500m 4.75% 2019s on Wednesday from a $475m book. The note was sold at a 10bp-15bp new issue premium.
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The Socialist Republic of Vietnam is back in the bond market after a four year break and hopes investors will agree to swap out of a costlier deal issued in 2005.
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Hong Kong listed Agile Property Holdings has reached an agreement with its lenders to extend the maturity on a portion of a $475m facility the company sealed in early April that was due in December.
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Hutchison Whampoa showed off its impeccable access to bond markets, rewriting the record books and selling $5.4bn worth of dollar and euro bonds on October 28 in what is the largest corporate offshore deal to come out of Asia ex-Japan.
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Limited dim sum supply in recent months saw fund managers piling into BOC Aviation’s recent four year offering. A regular issuer, the aircraft leasing company has already issued in Aussie dollars and dollars this year.