JP Morgan
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Darling Ingredients, the Texas-based food ingredients maker, sold a €515m senior unsecured bond to yield 4.75% on Friday, even as French cable manufacturer Nexans was pulling its €250m deal.
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Massimo Zanetti Beverage Group, the Italian coffee company, priced its IPO at the bottom end of the range early in the morning on Friday May 29, after a bookbuild that was slow but achieved a good result, according to a banker on the deal. -
Credit trading desks at banks have been swept by a tornado of job moves, as financial institutions specialists leave or jump to rival firms in a scramble to survive in a shrinking market.
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Home Depot and Time Warner led a flurry of corporate borrowers on Thursday as the dollar market closed in on a record month for issuance.
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Cinven announced on Thursday that it would buy Labco, the French medical diagnostics firm, the third time this year that a private equity firm has swept up a company that had failed to IPO, or where the flotation had found weak demand.
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Eli Lilly, the US pharmaceuticals company, made its euro bond debut on Tuesday, printing seven, 11 and 15 year notes and proving that the market is still open for longer dated paper — at a price.
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Massimo Zanetti Beverage Group, the Italian coffee company, looks set to price its IPO at the bottom end of the price range. The last official message on the book came at 1.15pm London time on Thursday May 28, saying guidance was €11.60, the bottom of the original range.
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BSN Medical, the German bandage maker, has won a strong response to its new term loan 'C', and has decided to cut pricing on both that and a pre-existing term loan 'B'.
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Online travel booking group Expedia made its euro bond debut on Thursday, a seven year deal that will be used to help fund its acquisition of rival company Orbitz.
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The Republic of Ukraine issued a $1bn five year USAID-backed deal on Tuesday that was met with delight by holders of the country’s existing debt. The deal and ongoing support from the US is invaluable to the country, they said.
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Cinven is supporting its acquisition of Labco with a backstop facility from JP Morgan that will back the transaction until it finalises a long term capital structure.
