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Nordea Bank received strong demand for its first tier two debt in euros since 2012 on Monday, as the primary market remained otherwise empty.
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FIG bankers breathed a sigh of relief at the US Federal Reserve’s proposal, released last Wednesday, for implementing Total Loss Absorbing Capacity (TLAC) rules for US Global Systemically Important Banks (G-SIBs), which is seen as less severe than may had anticipated. But the rule as proposed could damage secondary market liquidity.
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Greek banks will have to address a €14.4bn capital shortfall as part of ongoing plans to strengthen the viability of the country’s banking system, said the European Central Bank on Saturday.
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Turkish sovereign and bank bonds have crunched tighter as the ruling Justice and Development Party (AKP) regained its parliamentary majority.
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Investec Bank signed its third and fourth syndicated loans of the year last Friday, and held a bank meeting this week for its fifth loan. The bank plans to stick to smaller, more regular loans in a volatile environment for emerging markets.
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China International Capital Corp, which brought in 11 joint global co-ordinators for its Hong Kong IPO, has priced the deal at the top of the range to raise HK$6.29bn ($812m).
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Sri Lanka’s Bank of Ceylon, which last accessed the offshore loan market in 2013, is making a comeback for a new $100m borrowing.
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The European arm of Tata Chemicals has launched a £140m ($216m) dual-tranche facility into limited syndication, returning to the market after a four year break.
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InterGlobe Aviation and SH Kelkar & Co have found huge success with their respective Indian IPOs, with books multiple times covered as investors flooded into the transactions.
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The Petrobras corruption scandal continues to trouble the firm's business partners as Odebrecht Offshore Drilling Finance received another downgrade on Friday following the September cancellation of the ODN Tay IV contract.
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China State Construction Engineering Corp has picked seven banks to arrange a roadshow ahead of its return to the offshore debt market.
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The Republic of Korea is likely to be dipping into the Panda bond market for its first renminbi-denominated trade, after the Chinese central bank gave the deal its blessing over the weekend.