News content
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The German Federal Government intends to raise €44bn in the capital markets in the first quarter of 2016, just over 28% of its total €154bn requirement.
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Moody’s expects that carbon and other greenhouse gas regulation stemming from the Paris climate conference will increasingly drive credit differentiation among European corporations.
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Wind turbine company Nordex signed €1.4bn in loans on Tuesday. The five bookrunners flexed to accommodate a planned acquisition, in what was intended to be a plain refinancing.
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MTN investors are speculating that the huge yield on Argentine peso bonds may be worth the risk.
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Most African sovereign bonds yield have spiked to double digits in the last week as the sell off in US high yield bonds and associated funds has hit the emerging markets.
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Terex, the US lifting and material solutions company, has allocated $900m equivalent across two term loan facilities yesterday, widening the pricing on both.
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Credit investors rank FIG the most preferred asset class, according to Fitch’s latest European senior fixed income survey, reflecting the expectation that the sector will continue to improve.
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Emirates Global Aluminium (EGA) is wrapping up syndication for a $4.9bn seven year loan facility and will close the deal before the end of the year, according to a banker with knowledge of the deal.
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Banks are arranging a loan of around $3bn for Oman Oil Refineries and Petroleum Industries Company (Orpic) to build the $4.5bn petrochemicals complex called Liwa Plastics Industries.
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With the market 81.4% sure that the Fed is going to raise rates today, according to the Fed Fund futures, the focus will be not be so much on the numbers, but the language used. One thing already seems clear, however: euro issuance stands to benefit hugely from a rate rise.
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The equity capital markets managed to survive the recent market chaos and concerns about a US rate rise, with late-comers completing deals early in the week.
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Emerging markets bankers broadly say that Wednesday's expected rate rise from the US Federal Open Market Committee won't cause a repeat of the 2013 taper tantrum.