News content
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Chinese company Yirendai, an online consumer finance marketplace, is eyeing the New York Stock Exchange for a $100m IPO and has a filed a preliminary prospectus for the listing.
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Funding Circle, the peer-to-peer service that lends to small and medium-sized enterprises, is expected to close the initial public offering for its new fund on Tuesday next week. By Monday, it was not yet covered.
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Evli Pankki, the Finnish investment bank, launched its IPO on Monday November 16, hoping to raise €14.2m by floating on the main list of Nasdaq OMX Helsinki.
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The capital raisings of Greece’s four largest banks are likely to close later than many had expected, after a Eurogroup meeting failed to deliver an agreement at the weekend.
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Governments must focus on issuing benchmark deals to mitigate a secondary market liquidity squeeze, which is only set to get worse as regulation impacts primary dealers, said bankers at a government bond conference in Brussels.
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US corporate bond issuance in Europe - so-called reverse Yankee bonds - has steadily regained strength this autumn and could be followed by issuers from elsewhere in the world selling euro bonds.
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Veritas Technologies, the Californian data storage company, has increased its high yield bond issue to make up for a disappointing loan financing. But initial price talk has yet to emerge.
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A supranational issuer has mandated for a green bond — a deal that could take issuance in the final three months of the year within touching distance of the busiest ever quarter for the instrument.
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An agency is set to round off its funding for the year with a euro benchmark amid solid but quiet market conditions.
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Avago Technologies, the electronics components manufacturer, has commitments due today at 12pm London time for a new €500m term loan ‘B’ for its $37bn sponsor-backed acquisition of Broadcom Corp.
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Veritas Technologies, the US data storage and management company, has cut the size of its $3.3bn loan package, with replies from investors due today (November 16).
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Car maker PSA Peugeot Citroën said it had cut its funding cost by amending and extending a revolving credit facility. The Volkswagen emissions scandal is leaving winners as well as losers in its wake, said a banker involved in the deal.