News content
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Several CEE entities revealed funding plans at Euromoney’s Central and Eastern European Forum in Vienna this week. Here is a roundup of some of those plans.
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Renewed concerns about Italian banks’ high levels of non-performing loans triggered a severe sell-off of their subordinated bonds this week, as the market enters the new bail-in era.
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As WTI and Brent crude oil prices slip down below $30, high yield analysts are pointing at Spain’s oil producer Repsol as the first European company that could cross over into the sub-investment grade market.
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Chinese property developers could face rating downgrades if the renminbi continues to fall, according to Standard & Poor’s.
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Veritas Technologies, the US software firm that Carlyle Group is buying from Symantec, will aim to complete a revised $7.4bn sale next week after failing to secure financing in November.
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Hungary may add more banks to the mandate for its potential dim sum bonds, said Andras Rez, deputy chief executive officer at the government debt management agency (AKK) in Hungary.
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The Bank of Portugal could compensate Novo Banco bondholders who were written down at the end of last year, as the controversial bail-in comes under further scrutiny.
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The treasury chief of one of Russia’s largest private banks is set to retire this summer.
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Belarusbank has signed what it describes as the largest loan in Belarusian banking history for €245m, although the country’s wilted syndicated market means that Belarusbank was also the issuer that set that record.
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A $300m three year loan for Development Bank of the Philippines (DBP) has gone into general syndication via three mandated lead arrangers and bookrunners.
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Citi’s Asia Pacific franchise posted a solid set of numbers in 2015, which regional CEO Francisco Aristeguieta is keen to continue in a volatile 2016, according to an internal memo seen by GlobalCapital Asia.
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Tata Power subsidiary Bhira Investments is understood to have mandated six banks to arrange a refinancing of a $460m loan wrapped up in October 2014.