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IMCD, the Rotterdam-headquartered speciality chemicals firm, is marketing a €125m Schuldschein with tenors of five and seven years. The deal could grow beyond the launch size if demand is sufficient.
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Korea Housing Finance Corp and Cariparma Crédit Agricole have hired lead managers to arrange investor meetings, with a view to issuing covered bonds in dollars and euros, respectively.
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Korea Housing Finance Corp and Cariparma Crédit Agricole have hired lead managers to arrange investor meetings, with a view to issuing covered bonds in dollars and euros, respectively.
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Fertiliser producer EuroChem signed a $800m pre-export finance facility (PXF) refinancing last week, with the borrower shuffling its bank group as Chinese lenders play a growing role in Russian corporate loans.
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Hong Kong and China-based fintech lender WeLab could be a sign of things to come in the Asian syndicated loans market as the start-up seeks out its debut borrowing. Some banks will no doubt cast off the industry as a fad and give it a miss. But now is as good a time as any to take a fresh look at fintech.
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Details have emerged on a $900m triple-tranche borrowing for Mercuria Asia Group Holdings and Mercuria Energy Trading, which has launched into syndication.
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Deutsche Bahn was alone in the euro investment grade corporate bond market on Thursday, as it printed a €500m 12 year transaction on a soft day in financial markets.
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Hong Kong-based WeLab is set to dip its toes in the Asian syndicated loans market for a $50m borrowing, potentially fuelling a trend of fintech start-up lenders hitting the wholesale market for funds.
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Russia’s EuroChem will sign a five year loan imminently. The refinancing sees the fertiliser producer aiming for tighter margins than its last post-sanctions loan, said two bankers close to the deal.
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European Investment Bank has kept its pledge to build a Polish zloty benchmark curve, offering its second ever public deal to the market on Wednesday. The deal was backed by domestic investors, and benefited from a strong order book.
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Ukrainian food oil producer Kernel received oversubscription of about 40% in its latest $300m pre-export finance facility but chose to keep the loan at the target size.
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US metal packaging manufacturer Crown Holdings on Thursday priced a dual currency note that will refinance its loans.