News content
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German Laender yields are expected to fall in the wake of the European Central Bank's announcement that sub-sovereign issuers are to be included in its asset purchase programme.
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Despite a turbulent outlook for emerging markets and a closed Russian loan market, the European Bank for Reconstruction and Development (EBRD) doubled the amount of syndicated loans it arranged last year.
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NGA Human Resources has commitments due Friday for a £320m refinancing package, after having extended the deadline from December on investor pushback and widened pricing.
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A big spike in the interbank rate for offshore renminbi has cast doubts over the development of the nascent CNH Hibor loan market. The changes in the overnight rates unnerved bankers, who responded that a wait-and-watch approach would be the most sensible, writes Shruti Chaturvedi.
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Jabez Private Equity Fund I offloaded the remainder of its holdings in South Korea’s Hyundai Securities Co on January 7, fetching W115bn ($96m) from the fixed price offering.
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Glencore launched its refinancing of a one year $8.45bn loan today (Thursday), which is hotly anticipated although the margin is set to widen as the company's credit spreads have surged to record levels.
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China’s Panda bond market has gained further momentum with successful issues from a pair of offshore listed companies on the country’s exchange market.
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The Government of Mongolia has picked six banks to work on a 144A/Reg S bond that may hit the market as early as next week.
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FIG issuance ground to a halt on Thursday as borrowers paused to reflect on weak secondary trading and a global sell-off in equities, leaving Dexia Crédit Local alone in the market.
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Additional tier one paper (AT1) from Intesa Sanpaolo and Crédit Agricole was holding firm in secondary on Thursday, despite global equities flashing red again, and bankers feel a lack of fast money is helping the asset class.
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The Slovak Republic has firmed price guidance for its 15 year bond to 38bp over mid-swaps, with the book size standing at more than €800m.
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Taiwanese conglomerate Formosa Plastics Group has launched a $2.5bn dual tranche loan into syndication.