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Malaysia’s Hong Leong Financial Group has sealed its MR1.1bn ($261m) rights issue as shareholders piled into the trade, leading to an oversubscription.
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The Dubai Gold and Commodities Exchange (DGCX) is set to launch trading of offshore RMB (CNH) futures contracts on December 18. The exchange is looking to leverage the RMB’s new-found status as an SDR currency, it told GlobalRMB.
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Asset manager AllianceBernstein is offering a drastically different view on the knock on effects from the renminbi’s inclusion in the IMF’s Special Drawing Rights (SDR) basket. While the consensus is that it will have little impact on the desirability of RMB assets, the manager is forecasting a huge spike in demand.
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The Chicago Board Options Exchange plans to launch options on the FTSE 100 and FTSE China 50 indices before the end of the year.
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Openjobmetis, the Italian recruitment business, priced its initial public offering on Tuesday, for a deal size of €33m. The shares began trading on Thursday, and closed up.
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The French government last night sold €753.5m of shares in Safran, the French aerospace and defence group, in a block trade that was 1.6 times covered.
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Export Development Canada (EDC) printed its long awaited green bond on Tuesday. While it did not move on pricing, bankers on the deal said it was a strong trade for a sub-benchmark size.
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The question of whether Abengoa has triggered a credit event will set a precedent for future Spanish rulings say lawyers, as ISDA’s Determinations Committee grapples with recently amended Spanish laws.
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Havas, the French advertising and communications company, satisfied investors' taste for the unrated issuer on Tuesday, as it booked nearly three times oversubscription for its €400m bond.
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Heineken has been making up for lost time in public debt markets, issuing its second bond of the year after being absent since 2013.
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Norwegian Air, the unrated low cost airline, came to the European high yield market on Tuesday and sold €125m of unsecured notes, expanding its all-Norwegian krone denominated bond funding to euros for the first time.
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The UK printed a tap of its 0.125% index-linked gilt maturing March 2046 at the tightest spread to the benchmark since it was launched.