Morgan Stanley
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Following an investor call on Monday, Dutch energy distributor Alliander received overwhelming support on Tuesday for a new €500m hybrid bond issued alongside a tender offer for its existing €500m 3.25% hybrid. The final order book was more than €3.5bn.
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Alstria, the German REIT, sold 15.3m new shares through an accelerated bookbuild, after the close of trading on Monday night, to finance the acquisition of two new properties in Hamburg and Stuttgart and the settlement of a convertible bond.
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Dutch energy distributor Alliander announced plans for a new euro hybrid on Monday, alongside a tender offer for the company’s outstanding hybrid. The issuer’s ratings could allow it to set a new low for the product's pricing.
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Bangkok Bank has sold a chunk of its stock in Jasmine Broadband Internet Infrastructure Fund, raising Bt4.4bn ($140.7m) after boosting the size of the trade.
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Cifi Holdings raised HK$2.79bn ($356.7m) in short-term financing with the sale of a sub-one year convertible bond, priced at the tight end of guidance on Thursday evening.
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Export-Import Bank of India took home $1bn in a carefully crafted single-tranche deal on Thursday that reeled in US investors.
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Bilibili, a popular Chinese video-streaming website for Japanese animation, is eyeing a $400m IPO in New York later this year.
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Prisa, the Spanish media conglomerate that owns El País, has launched its fully underwritten €563m rights issue after it was approved by CNMV, the Spanish market regulator, on Thursday.
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Iccrea Banca, the central institution of Italian credit unions and savings banks, opened books on a short dated floating rate deal on Thursday, shortly after having had its credit ratings cut to speculative grade by Fitch.
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Morgan Stanley was sole bookrunner on two overnight sell-downs in Asia this week. One transaction was for its Taiwanese private equity arm in shares of CTBC Financial Holdings.
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Japanese banks have a spring in their step in the Middle East as they roll out expansion plans, but, asks David Rothnie, can they take on more established Western rivals?
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Chinese companies Xiamen Xiangyu Group Corp and Shimao Property Holdings each raised $500m on Tuesday, but saw different reactions to their bonds. While investors were keen on the former investment grade rated name, demand for the property industry is starting to see some pull back.