News content
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Sky, the UK satellite and cable broadcasting group, brought a 10 year euro benchmark bond on Monday, pushing out for a longer maturity after a week when many issuers stayed with intermediate tenors.
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FCA Bank, the financing joint venture of Fiat Chrysler and Crédit Agricole, issued a €500m no-grow bond today.
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Veolia, the French water, waste and energy management company, received strong demand for a €3bn loan refinancing but fewer banks got a share of the spoils.
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Belgian real estate investment company Cofinimmo has added two banks to the syndicate for a refinancing facility it signed on Thursday.
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Ethypharm, the French pharmaceuticals company, has allocated €287.5m of new loan facilities at a wider margin than it initially proposed.
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Commercial Bank of Dubai has released initial price thoughts for a five year dollar benchmark at mid-to low 200bp over mid-swaps.
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Nigeria’s First City Monument Bank (FCMB) will close a $75m loan this week, in a deal that cuts FCMB’s dollar syndicated loans from $150m to $75m.
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Bahrain has picked banks for investor meetings ahead of a dollar bond deal and starts investor meetings this week.
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Banque Fédérative du Crédit Mutuel (BFCM) sold its first Swiss franc bond since 2014 on Monday, as international visitors to the market increase.
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Korea’s Asiana Airlines has swooped into the syndicated loan market for a $150m deal, picking two banks to run it.
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UBS met strong demand for its first holdco level senior debt in euros on Monday, with market participants divided on how its pricing compared to opco levels.
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India’s Jindal Steel & Power is understood to have asked banks to relax a covenant on a $400m borrowing sealed in April 2013.