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It took Ecuador until the Age of Twitter to make a principal payment on international bond debt. But although the collapse of oil prices did not prevent the country successfully paying back its December 2015s at maturity, Ecuador faces an even tougher year in 2016 than it experienced in 2015.
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Despite the progress in the usage of renminbi globally, multi-currency settlement provider CLS has yet to include the RMB on its platform. This, according to sources familiar with the review, is largely due to China's shortcoming in its payment infrastructure as well as broader concerns about China’s legal framework.
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Novorossiysk Grain Plant finally listed and started trading on the Moscow Exchange on Tuesday, after having delayed closing the deal for three weeks.
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With plenty of cash to deploy following a large number of redemptions, sterling investors piled into what looks likely to be KfW’s last sterling offering of the year on Tuesday.
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While few had predicted this week would be a blockbuster for primary issuance, a silent two days from corporate bond issuers are making last Wednesday's rush of issuance look likely to be the close of the market.
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Aroundtown Property Holdings, the German-focused property company, raised €300m on Tuesday, as it launched, upsized then closed a convertible bond in the last full week before Christmas.
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Public sector borrowers are planning to restart euro issuance — or enter the currency for the first time — next year, as confusion reigns in dollars a day before the US Federal Reserve makes its rates decision.
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Dentsply International, the US dental equipment maker has printed a dual tranche private placement Swiss franc note on Tuesday, as a part of its private placement funding programme.
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The council of Stockholm County, Stockholms läns landsting (SLL), signed the first ever green revolving credit facility on Friday, adding to the pair of green bonds it previously issued.
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Finnish Stainless steel producer Outokumpu reduced the size of its revolving credit facility and pushed out maturities on other existing loan agreements as part of a wider deleveraging effort.
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A $4.4bn loan agreement has finally been signed for the development of the Mongolian copper mine Oyu Tolgoi — a deal more than half a decade in the making.
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Egypt’s Banque du Caire has cancelled plans to raise a loan for as much as $250m, but may consider signing a loan in 2016 instead.