News content
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Heineken has been making up for lost time in public debt markets, issuing its second bond of the year on Tuesday, after being absent since 2013.
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Carlyle Group has sold its stake in RAC, the UK roadside recovery firm, to CVC Capital Partners in a deal that values the business at £2.2bn, including debt.
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Puerto Rico’s development bank made a $354m debt payment this week, narrowly staving off default.
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The European Central Bank boosted its quantitative easing programme this week but, with markets underwhelmed, emerging Europe debt bankers said it was unlikely to lead to more euro-denominated deals from the region's issuers.
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Santander returned to the euro market for its first senior trade in nearly two years this week, taking advantage of strong market sentiment despite the uncertain status of its senior debt.
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Corporate bond bankers in Europe have reacted philosophically to Mario Draghi’s underwhelming announcement on European Central Bank monetary policy on Thursday, and are contemplating an early wind-down to the market before Christmas.
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A group of retail equity and bond investors in Abengoa are preparing to file a civil lawsuit in Spain — but hope a class action in the US will speed up proceedings.
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Markets reacted with disappointment and sold off sharply following the European Central Bank’s meeting on Thursday, as Mario Draghi failed to deliver the stimulus many investors were expecting.
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As the green bond market grows, participants are debating how to define it. Should deals have to offer additionality — proof that the projects would not have happened otherwise? Should pure play green companies be allowed to issue — and should oil companies? Sean Kidney and Manuel Adamini of the Climate Bonds Initiative and Bas Wetzelaer of Dutch investor Actiam argue that the market should embrace a wide range of issuer and deal types, as long as the activities financed genuinely help the climate.
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Spain shaved around 30bp from its long end borrowing costs on Thursday — just a few hours before its yields jumped after the European Central Bank disappointed market participants expecting a strong dose of monetary easing.
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Huw Jenkins will need all of his powers of persuasion and banking know-how if BTG Pactual, where he is a founding partner, is to halt its downward spiral.
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Terex, the US lifting and material solutions company, has launched $900m of senior secured credit facilities to back its acquisition of Finnish crane maker Konecranes.