Mizuho
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Deutsche Bahn arrived with its first Kangaroo since 2018 this week. The MTN follows a quartet of public SSA issues that arrived earlier this week.
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US utilities continued to dominate dollar corporate bond issuance this week, as defensive names piled into the market before trade tensions slammed the brakes on supply on Wednesday. But issuers fought back on Thursday.
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A pair of agencies raised funding in Australian dollars on Thursday: Export Development Canada and Eurofima both tapped Kangaroos.
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US firm Auramet has increased its syndicated loan to $190m, with the precious metals trader adding to its lending group for an oversubscribed deal.
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European elections, which produced relief in much of Europe and some horror in the UK, have not fazed corporate bond markets. But they may have caused this week's dearth of issuance. Illinois Tool Works' three trancher on Wednesday may be the only fruit. But investors' diaries are filling up with roadshow dates.
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Huarong Asset Management Co hired 30 banks to lead its triple tranche transaction on Thursday, relying on some orders from the leads to secure $1.9bn.
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Triton International, a global shipping container firm based in Bermuda, has amended and extended a $1.25bn revolving credit facility, cutting its debt cost in the process.
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Chinese issuers were out in force again in the bond markets on Wednesday, with financial companies ICBC International Holdings and Avic International Leasing Co raising $1.15bn between them.
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Brazil’s Suzano tapped international bond investors for the fourth time since September on Tuesday, capitalising on a dearth of recent supply from Latin America and favourable sentiment towards the pulp and paper sector.
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Three Chinese borrowers sold perpetual notes on Tuesday, raising a combined $900m from the rare structure.
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The Republic of Indonesia raised ¥177bn ($1.6bn) from a six tranche bond sale in Japanese yen on Thursday, making it the largest public Samurai bond deal from an Asian country.
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KKR, the US private equity firm, issued its first euro bond on a crowded day on Wednesday, competing with four other issuers, but that did not stop it achieving attractive execution.