NatWest Markets
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The UK’s Helical has amended and extended its bank debt, with the office real estate firm ramping up the size of its revolving credit facility to £400m. -
Capital market participants with an interest in UK social housing are paying close attention to new UK prime minister Boris Johnson’s appointments to his cabinet and inner circle, to try to gain a sense of his attitude towards housing.
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A loan backing Rank Group’s £115.3m acquisition of Stride Gaming is expected to come to the market before the end of August.
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Barclays said on Thursday that it will redeem three of its additional tier one (AT1) bonds in September, though a weaker pound means that paying the debt back will eat into its common equity tier one ratio.
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UK bank debt has been having a hard time this week, with spreads gapping out by about 15bp on fears that the country could crash out of the European Union without a deal.
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The UK’s Future has agreed to buy US B2B publisher SmartBrief for up to $65m, with the specialist media group planning to draw down on its existing debt facilities to finance the acquisition.
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The World Bank placed its first Hong Kong dollar deal of its 2019/2020 funding year last week. The supranational chose to link the private placement to the Hibor benchmark, a now little seen structure that was likely the result of a "very specific enquiry", according to one MTN banker away from the deal.
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Sterling is set to play a bigger part in the socially responsible bond market as a result of incoming reforms that are putting the pressure on UK pension funds to focus on environmental, social or governance (ESG) factors in their investments, writes Burhan Khadbai.
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Rentenbank printed a £250m December 2026 bond on Tuesday, as top rated issuers found plenty of demand at the longer end of the sterling curve.
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An infrequent FIG issuer returned to the medium term note (MTN) market this week to place the second of a pair of identical floating rate notes (FRN) this month. While on Wednesday, another bank brought back a structure that has rarely been seen since the financial crisis, according to one banker.
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Industrial and Commercial Bank of China and Banco Santander tapped the sterling market for senior bonds this week and what bankers said were high-quality orders led both issuers to increase the size of the benchmark transactions.
