HSBC
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National Bank of Oman launched its debut bond on Tuesday morning in less than ideal market conditions but the $500m deal was one of the few EM offerings which performed well in secondary this week.
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RSA Insurance hit the market on Thursday with a tier two sterling print, shrugging off recent volatility in the sub debt market. Bankers away from the deal judged it to offer a generous premium, though they conceded this was justified given recent market conditions.
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SIG, a Sheffield-based specialist building products company, has refinanced a £250m revolving credit facility that was due to mature in May 2015.
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Richard Jackson, co-head of leveraged and acquisition finance (LAF) at HSBC, has been made global head of that division.
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Abengoa, the Spanish renewable energy and engineering firm, has allocated a €1.4bn refinancing loan, after issuing a €500m green bond last week.
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The National Bank of Oman launched its debut offering on Tuesday morning. Market conditions have been less than ideal for the issuer, which opened books in a risk averse market.
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Qatar’s Ahli Bank has closed a $200m debut syndicated term loan facility, increasing the size of the deal after its initial amount was oversubscribed.
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Five lenders have committed to join Indian company Rural Electrification Corp’s $170m loan. The transaction is the greenshoe portion of a larger borrowing. Funds for the original $230m have already been provided by the six bookrunners and mandated lead arrangers, which are syndicating the greenshoe on a best efforts basis.
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The National Bank of Oman has announced initial price thoughts for a dollar offering as the market recovers from a shaky start. Escalating geopolitical tensions in the region have contributed to a more risk averse sentiment and have meant that the market opened around 5bp wider this morning.
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CGN Meiya Power Holdings has raised HK$1.76bn ($228m) from its Hong Kong IPO by pricing the deal close to the top of the price range. An overwhelming response from retail investors meant the company ended up triggering the maximum clawback option available.
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Chinese real estate firm Sunshine 100 China Holdings raised $115m on September 25 by printing a 12.75% 2017 trade through the curve of its closest comparable – Redco Properties Group.
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Thai conglomerate Berli Jucker Public Co’s €650m 1.5 year bridge loan that it took to back its acquisition of Metro Cash & Carry Vietnam, is near closing. The company mandated HSBC and Mizuho for the financing.