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Specialist moves after 18 years in the market
New dangers are making deals harder to do, but pricing for the haves is still tight
Manager refinances 2023 deal, reset in 2024
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DNB Markets has hired a banker from UniCredit to join its leveraged finance team in London. -
German family-owned tissue and toilet paper manufacturer Wepa is marketing €550m of senior secured notes with an intention to extend maturities and slash interest expenses. It is following a number of other double-B issuers in to the market.
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CIFC, a corporate and structured credit asset manager, has hired two more staff for its European operation, with Anders Samuelsen and Aidan Reynolds joining its investor services team.
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Francesco Bertocchini has joined Nomura from UBI Banca as a managing director for Italy.
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Troubled Chinese commodities trader Tewoo Group has revealed its plan to exchange or purchase for cash $1.25bn of outstanding offshore bonds, just days after getting funds from Industrial and Commercial Bank of China (ICBC) to make an imminent coupon payment.
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The European Parliament is challenging EU member states over the governance of its planned Taxonomy of Sustainable Economic Activities. At stake is who gets to decide what goes into it. The issue is one of several still to be thrashed out before the Taxonomy can become law.
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