JP Morgan
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Italian power utility firm Enel has decided to raise the number of shares it is selling in Endesa, after finding strong demand from investors.
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Numericable completed its €4.7bn capital increase this week, bringing to an end the financing for the French cable operator’s acquisition of SFR.
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Bondholders have approved a consent solicitation which will enable Kazkommertsbank (KazKom) to assume the role of debtor for BTA’s $750m 2022s. Earlier this year KazKom obtained operational control of BTA. -
CVC Capital Partners-owned internet service provider Hong Kong Broadband Network (HKBN) is sounding out banks for a loan of around HK$4.5bn ($580m), according bankers.
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China’s eHi Car Services made its debut on the New York Stock Exchange on November 18 after pricing its $120m IPO at the bottom of the range. The company’s shares then came under pressure on their trading debut, closing the day 2.5% below the issue price.
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Alejandro Díaz de León, Mexico’s director of public credit, told GlobalCapital that the sovereign had opted to price a new 10 year benchmark bond on Tuesday despite having already completed its 2014 financing programme because he expects more volatility before the start of next year.
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Carlyle and Cinven, which launched a block trade on Monday night to sell a 2.2% stake in Altice, the French telecoms investment group, ended up increasing the sale after finding strong, though price-sensitive, demand.
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The International Finance Corporation is planning to extend its Brazilian real maturity curve early in 2015 following the Brazilian government granting it the ability to issue and unlimited amount in its offshore and onshore bond markets.
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A fire in its largest factory in Spain has led meat processor Campofrio to abandon plans to issue a bond to refinance senior unsecured notes maturing in 2016.
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Axis Bank this week made a successful return to the bond market after more than two years away. While the borrower was not in need of funds it took advantage of tightening spreads to price through its rivals' curves, although US participation in the 144A trade was limited.
