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Sodexo, the French catering, support and care services group, hit the euro market on the same day the US released nonfarm payrolls for a €600m 10.5 year bond that clinched "super tight" pricing.
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Electricité de France tapped three different European investor bases in one go on Thursday as it hit the euro, Swissie and green markets for €3.1bn-equivalent of bonds.
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Rabobank found few problems opening books on its first green senior bond on Tuesday, and more banks could follow in the fourth quarter of what is already a record-breaking year for the format in FIG.
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Seven banks subscribed to a $297m loan for Blackstone’s acquisition of Indian fintech firm Mphasis during general syndication. The deal was initially conceived as a $405m facility but the amount was reduced after an open offer.
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UK waste management company Shanks has agreed a €600m facility for its €482m acquisition of Dutch competitor Van Gansewinkel Group.
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Investors threw off the caution on Thursday that saw them hesitate over lower-rated investment grade corporate bond deals offering low spreads on earlier in the week.
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An overnight share sale in India’s Kotak Mahindra Bank fetched Rp36.5bn ($545.6m) for ING Groep on Thursday, with the trade feted as one of the largest blocks in the country to price at a 0% discount.
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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.