News content
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Bank of Georgia completed the IPO of its healthcare subsidiary on Monday, as it successfully priced the deal, although at a price much below what it had hoped for.
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Tightly priced and low yielding Pfandbriefe issued this week by HSH Nordbank and Deutsche Hypo received less demand than usual, with HSH failing to attract enough attention to cover its deal.
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First City Monument Bank (FCMB) has signed a $77m one year loan, the first international syndicated loan this year for a borrower in Nigeria, which has been struggling with a low oil price and political instability.
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Amadeus, the Spanish company that provides IT systems to the air travel industry, reaped the rewards of five weeks of patience on Tuesday as its €500m six year no-grow bond brought in an order book of over €4.75bn.
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First City Monument Bank (FCMB) has signed a $77m one year loan, the first international syndicated loan this year for a borrower in Nigeria, which has been struggling with a low oil price and political instability.
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The European Union has hit a big setback in its drive to overhaul financial market rules, with its chief markets regulator demanding a delay of as much as a year before implementing its flagship regulation, Markets in Financial Instruments Directive (MiFID II). But market participants greeted the reprieve as a welcome and necessary delay.
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Chevron and AstraZeneca led a dash for dollars this week as issuers made the most of favourable funding conditions in what is expected to be a heavy month for high grade supply.
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McCarthy & Stone, the UK’s leading builder of retirement homes for sale, completed its IPO on Friday November 6, in a £336m deal that gave it an initial market capitalisation of £967m.
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Nyrstar, the Belgian zinc smelter and miner, is seeking to raise €250m to €275m with a rights issue to help it weather a severe fall in commodity prices.
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As the Sultanate of Oman launched syndicated for its $1bn sovereign loan on Wednesday this week, Qatar is also in talks for as much as $10bn of loans.
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The fate of three Middle East mandates this week spoke volumes about the state of that market, as issuers chase dwindling liquidity into the last weeks of 2016.
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Vodafone has attracted a €2.5bn order book for a €750m five year bond, its first since negotiations over an asset swap with Liberty Global fell through.