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Kuwait petrochemical firm Equate is scheduled to complete its $6bn loan this week, while Oman and Qatar continue syndicating their sovereign loans. -
Anticipation that the European Central Bank would extend its public sector purchase programme on Thursday resulted in what one banker called an “abnormally successful deal” from Erste Abwicklungsanstalt on Monday.
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Ford Motor Credit (FMC) made a rare appearance in the Australian dollar market on Thursday with a three year bond, as borrowers more familiar with the market hope for a stunning run of primary activity next year. Luka Dimitrov reports.
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Credit options were the worst hit of volatility strategies on Thursday, said traders, after the European Central Bank unveiled provisions that many in the market found underwhelming.
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FIG bankers looking to bring the final batch of 2015 bank bonds to market have been put on alert after the European Central Bank disappointed market participants with a new round of stimulus measures.
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European Central Bank president, Mario Draghi, may have roiled bankers by keeping some of his powder dry this week, but public sector borrowers spotted opportunities from his latest policies — including one that is mulling a first ever euro benchmark.
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Xior Student Housing has decided to raise the maximum amount it was considering in its initial public offering, after achieving a covered book for the full deal size.
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Citigroup and Morgan Stanley have on Thursday night launched and closed the expected $2.5bn capital raising for Naspers, the South African media and e-commerce company, as an accelerated bookbuild. The sale is covered.
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Armacell, the German foam insulation manufacturer, is planning loan facilities for its €960m buyout by Blackstone and Kirkbi, a Danish investment firm.
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ISS Global, the Danish cleaning and facility services company, on Monday raised a €500m no-grow bond, its second since winning investment grade status last year.
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Ferrari, the Italian carmaker, has signed a bridge loan and a term loan of €2bn in total, and a revolver of €500m. The company has not disclosed the structure or pricing on the facilities, however it said the term loan comprises the majority of the total facility.
