Loans and High Yield
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Ireland's largest fibre network operator, Eircom Holdings, on Monday brought a rare offering from the telecoms industry to the high yield market. -
Power plants developer ContourGlobal is sounding investors for its first euro-denominated bond, just one week after Moody’s withdrew its rating due to a lack of information.
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Markit, the financial information services firm, has hired an experienced banker to head up index research and development in New York.
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Allnex, the Brussels-headquartered coating resins business, has allocated its €730m cov-lite seven year term loan after transferring €30m to the dollar tranche and further increasing it.
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Verisure, the B2/B rated Swedish alarms systems company, has allocated its €1.02bn term loan ‘B’ after adding a €135m tranche.
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An auction this month to settle credit default swaps referencing Norske Skog will produce wildly divergent recoveries for investors at different maturities, terms published by the International Swaps and Derivatives Association (ISDA) have confirmed.
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Cheng Loong Corp, a paper manufacturer, is in the market for a loan related to its Vietnam operations.
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Biostime International Holdings and Xuzhou Economic and Technology Development Zone State-Owned Assets Management (Xuzhou ETDZ) are gearing up for what will be their first outings in the international bond market.
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Cement producer TCC International Holdings has tapped the market after a two year gap, for a $450m borrowing that will refinance a loan that matures this year.
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Dave Rome, head of loan capital markets at Royal Bank of Scotland, resigned at the end of last week to join law firm Ashurst. The move follows RBS's reorganisation of its loans business, which limited the banker’s role, said a source at the UK bank.
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Tsinghua University Science Park is planning to print what would be its inaugural dollar-denominated green bond, according to a source close to the matter.
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As the UK’s EU referendum approaches, associated uncertainty has seen risk in the sterling corporate bond market rise, with liquidity taking a blow.
