News content
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It has been a stressful time to bring IPOs to market recently, and a good many have failed. But the signs are that 2016 will begin with investors cash-rich and ready to listen to new deal stories.
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German engineering technology company Körber said it is well positioned for possible acquisitions after issuing its debut Schuldschein.
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TeliaSonera, the Swedish telecoms firm, returned to the Norwegian krone bond market with a 15 year note on Tuesday, its second outing in the currency this year.
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CNP Assurance secured tight pricing for its tier two offering on Tuesday, profiting from strong market sentiment to bring capital issuance from insurers back to euros.
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Latvia has named its banks to arrange a euro-denominated new issue and manage a concurrent tender offer for the country’s 2020s and 2021s.
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Santander was set to sell €1.25bn in seven year fixed rate bonds on Tuesday, appearing in the European senior market for the first time in a year and a half.
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Armacell, the German foam insulation manufacturer, has planned loan facilities for its buyout by Blackstone and Kirkbi, a Danish investment firm.
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The European Stability Mechanism said it would disburse €2.72bn to recapitalise Piraeus Bank on Monday, drawing upon the €10bn in funds earmarked for the Greek recovery for the first time.
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Ford Auto Finance (China) is preparing for what is set to be the last auto ABS from China this year with the Rmb2.99bn ($469m) Fuyuan 2015-2 Retail Auto Mortgage Securitization due to go live on December 7.
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Drug manufacturer Alkem Laboratories has set the price range for its Rp13.5bn ($202m) IPO in India, with the offering set to launch on December 8.
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Bank of Jinzhou has raised HK$6.15bn ($794m) from its IPO in Hong Kong, pricing the stock near the bottom of the range as investors remain cautious about Chinese city commercial lenders.
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ICBC Sydney printed its first dollar bond on November 30, raising $300m from a trade that was more than three times covered.