NatWest Markets
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Royal Bank of Scotland’s CEO Ross McEwan announced on Thursday plans to shrink its investment bank over the next four years, while remaining a top three firm in various markets.
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Mizuho could expand its US coverage, debt capital markets, loan capital markets and syndicate on the back of its purchase of an asset portfolio from Royal Bank of Scotland.
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Snacks and coffee maker Mondelez was one of a string of US companies to access the European bond market this week when it priced €2.6bn of euro and sterling bonds on Wednesday.
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The £340m loan for Sky Bet is trading up in the secondary market, despite investor pushback during its syndication.
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PPG Industries, the American paint, industrial coatings and glass company, has hired banks for a euro bond, as its existing €300m 10 year, issued in 2005, approaches maturity.
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Whirlpool, the US household appliance manufacturer, has added to the burgeoning pipeline of US corporate bonds in euros by mandating four banks for a European roadshow.
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Regional issuers from Germany and Sweden had no problem finding demand for deals on Thursday, as a pair of issuers sold oversubscribed bonds.
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US metal packaging company Ball Corp has taken out a £3.3bn bridge loan to back its buyout of Rexam, the UK can producer.
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Caisse d'Amortissement de la Dette Sociale on Tuesday sold the largest sterling deal from a non-UK agency in over two years, as SSA bankers anticipated further sterling supply.
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A pair of regional issuers mandated banks for euro deals in the 10 year part of the curve on Wednesday.
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Cades on Tuesday sold the largest sterling deal from a non-UK agency in over two years, as SSA bankers anticipated further sterling supply.