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◆ Schaeffler attracts €5.8bn peak book… ◆ …while SPIE finds €2.8bn of orders ◆ Strong demand allows for strong price moves
Bot claims funding is ‘cheaper than peers who borrow from independent banks or credit funds’
Innovation and ambition have been hallmarks of mergers and acquisitions activity this year, but there are some signs of weakness in private equity
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  • Indonesian palm oil producer Perkebunan Nusantara III has launched its debut offshore borrowing into general syndication.
  • Distressed Chinese oil and gas producer MIE Holdings managed to repay the remainder of a dollar-denominated 2019 bond on time, though the company still faces refinancing pressures.
  • China’s Car Inc is out with the terms of its new money offer, following the closing of an exchange offer for its existing 2020 notes.
  • A substantial and growing proportion of asset managers are asking big oil companies to realign their businesses with the Paris Agreement by moving away from fossil fuels, a survey released on Monday has found. But only a few have set deadlines or thought about what to do if the oil companies fail to comply.
  • Chinese property developer Yango Group Co priced a $150m tap of a recent two year bond on Thursday at a level that 62.5bp inside where the original bond landed less than a month ago.
  • Profit Reach International, an investment vehicle owned by Chinese billionaire Shen Guojun, has closed a $550m refinancing, attracting 12 participants during syndication.
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