News content
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KfW raised €3bn with a slow burning seven year benchmark on Thursday, leaving SSA bankers wary about the threat of over saturation in the currency as several issuers mull deals for next week.
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Despite the currency tanking against the dollar in 2015, investment in Brazilian real denominated medium term notes remains healthy.
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World Bank rounded off a strong week for sterling issuance from public sector borrowers, opting to print a deal further out the curve than the week’s previous trades.
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Eurochem — Agility — Sistema — Turk telekom — Arcadis — Saudi Electricity co — Oman
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Investors on Thursday pounced on Ireland's recovery story to lap up €3bn worth of 10 year bonds from the Celtic Tiger.
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EasyJet, the UK budget airline, has mandated three banks for its first ever bond issue, and will run a roadshow next week.
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Hungary will meet investors in Hong Kong and Singapore as it prepares to issue the first ever sovereign dim sum bond from the CEEMEA region.
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TDR Capital has set bank meetings for January 12 to market a £745m debt package for its minority investment in Euro Garages, the UK’s second largest independent petrol station operator.
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Ronshine China Holdings has sealed Asia’s first IPO this year, pricing its HK$1.81bn ($233.5m) Hong Kong float at the bottom of guidance after a low turnout during bookbuilding.
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Saudi Electricity Company (SEC) has completed a Sr7.75bn ($2bn) package of loans by signing a $1.4bn three year revolving credit facility in London this week.
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China tested the limits of reform in its stock market this week with disastrous consequences. Equity markets fell globally after China heaved yet more volatility on investors, and mainland stocks saw their worst ever start to the year. The turmoil caught equity capital market bankers off guard, but panic has not set in yet, writes John Loh.
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Loans bankers have traded in cautious optimism for realism this year, as weaker currencies and loosening monetary conditions across Asia are expected to weigh on demand for foreign currency debt. Even silver linings such as a potential pick-up in loan activity from India and increased outbound M&A will provide little respite, writes Shruti Chaturvedi.