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Hapag-Lloyd, the German container shipping company, succeeded in completing its IPO, after a hard campaign in which the outcome had looked in doubt.
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The Scandinavian bank returned to the Swiss franc market with a new eight year senior unsecured benchmark bond on Tuesday, following strong demand from local institutional investors
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BNP Paribas sold its last remaining shares in Klépierre, the French property company, for €829m on Monday night, in an accelerated bookbuild.
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Peru took some stick from bankers for its return to the European bond markets last week, but the deal is a pleasing sign that Latin American issuers are finally looking at the long term.
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Chinese regulators have been moving at record speed to smooth market access issues arising from its capital account opening initiatives, but the timing and manner of regulators’ interventions were still hard for markets to swallow, said the world’s largest asset management firm.
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A trio of SSA issuers made moves to mop up short end dollar demand on Tuesday. NRW Bank printed a $1bn bond and two others mandated for deals.
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The corporate hybrid capital market is a fragile origami designed to please rating agencies, tax authorities, accountants and investors all at once. Standard & Poor’s disrupted it last week by stripping equity credit from 29 deals. The market will get over this. But fundamentally, it remains in denial: hybrids as they stand are not a stable, reliable product.
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The Republic of Cameroon is embarking on a roadshow in Europe and the US on Thursday.
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NRW.Bank has gone further out along the curve with a syndicated bond than it has for several years — and managed to find some new investors with its third green bond.
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A rare public sector issuer from the eurozone periphery could bring some euro supply late in the year after hiring banks on Tuesday to run an investor roadshow.
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Cabot Credit Management, the UK debt purchasing firm, on Wednesday raised €310m of secured notes to support its buyout of peer company Hillesden Securities from Faccenda Investments.
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Snam, the Italian natural gas transmission company, priced a €750m eight year bond on Tuesday, its first issue since it was added to the list of bonds that the European Central Bank will buy as part of its public sector bond purchase programme, or quantitative easing.