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The Kenyan government has launched syndication for its second syndicated loan, a $600m two year deal. Bankers expect interest from a broader spectrum of lenders than the country's first syndicated loan in 2012.
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UBS announced the future sale of a euro denominated holding company transaction this week, as UK and Swiss banks look to get investors on board with the shift of issuance away from operating companies.
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India’s Aditya Birla Group, which has been in discussions with its relationship banks about refinancing a loan raised in 2011, is likely to launch a new $925m deal before the end of the month.
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Singapore-based BW Pacific has opened books for a listing on the Oslo Stock Exchange, as the tanker company looks to raise as much as Nkr2.4bn ($283m) from its IPO.
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ICBCIL Finance, a wholly-owned subsidiary of Industrial and Commercial Bank of China, has set its sights on a triple-tranche dollar offering split between three and five year fixed rate notes as well as a three year floating rate tranche.
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Moody’s removed the negative outlook on Argentina’s Caa1 rating as analysts said the political climate is looking more positive for holders of the sovereign’s debt.
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Latin American development bank CAF (Corporación Andina del Fomento) released initial price thoughts on Monday for a benchmark sized five year euro-denominated bond expected to be priced on Tuesday.
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Options and swaps market price action suggests that foreign investors are starting to believe that the macroeconomic and political risks for Brazilian assets have found a bottom.
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CME Group has signed a data agreement with non-profit technology firm FinTech Sandbox to provide start-up businesses with free access to historical futures and options data.
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Mölnlycke, the Swedish maker of wound dressings and surgical gloves, issued a €500m eight year bond on Monday, as the corporate bond market’s awakening from earnings blackouts continued apace.
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The cancellation of the IPO of EDF Luminus, a Belgian subsidiary of Électricité de France, was caused by the Belgian shareholders’ unhappiness with the price available from a flotation.
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Deutsche Bahn priced a Sfr175m 10 year bond on Monday, its first issue in Swiss francs for over a year.