News content
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A German state is on track to wrap up its funding for the year on Thursday, as an agency from the country is tipped to bring a benchmark next week.
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Global Blue, the Swiss tax-free shopping company, is seeking new term loans ‘A’, ‘B’ and ‘C’, totalling around €260m, according to an investor.
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Dong Energy and Vattenfall have forgone their right to exercise the rating event call option on their hybrid notes just two weeks after Standard & Poor’s removed the deals' equity credit.
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Anheuser-Busch InBev, the Belgian-Brazilian brewer, submitted a final recommended offer for SABMiller on Wednesday, having raised a record $75bn loan to support the transaction.
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Italy could sell three year debt at its lowest ever yield on Thursday, with its secondary levels hovering near all-time lows. It would be the second record breaking auction for the sovereign in two days, after it placed one year bills at its lowest ever level on Wednesday.
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Alliance Data Systems, the unrated US private label credit card and marketing services provider, is set to end meetings with European investors on Thursday for €300m of unsecured notes, its first euro issue.
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Autoroutes Paris-Rhin-Rhone, the French motorways group, stayed with the defensive tactics of its previous bond issuance on Tuesday, raising a €500m 4.3 year floating rate note.
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BNP Paribas has tapped the Australian dollar market with a 10 year note on Wednesday, drawing demand from Asian investors.
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Albaraka Turk Katılım Bankası (Albaraka Türk), has mandated seven banks to arrange a Basel III compliant Reg S tier two subordinated sukuk — only the second from Turkey and the first in sukuk format.
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There was a stark difference in the secondary performances of La Banque Postale’s and Nykredit’s tier two deals on Wednesday, but bankers said the market was not showing signs of indigestion.
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International Bank of Qatar (IBQ) has mandated three banks to arrange a debut benchmark dollar Reg S senior bond. The deal will be eagerly watched as it will be only the second senior conventional ME bank deal since June.
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With November now well advanced, equity issuance remains busy, despite the fears of some market participants that the market could shut down. Deals are not flying off the books, but many are getting done, and new issuers are even joining the pipeline.