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Trade was oversubscribed in under 20 minutes
In highly concentrated book, top 20 investors take 90%
The relaunched IPO was cancelled after leads attempted to reduce the transaction to around €300m
Relief that the first European IPO after summer has grown in the aftermarket, though not without large concessions
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Higher rates no longer a positive factor -
Covenant quality weaker for green bonds
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OLB and a.s.r will split the loans between them
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Private lenders have seized their chance
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At least 14 lenders join to make £3.5bn of loans
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Comes at a time of relative scarcity for new issuance in European levfin
