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Romania became the latest CEE name to demonstrate the renewed bid for duration this week, drawing praise for a 10 and 20 year dual tranche euro transaction. However, some debt bankers away from the deal felt the 20 year had come at a hefty spread.
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China Universal Leasing is seeking to manage borrowing costs on an offshore Rmb1.5bn ($236m) loan sealed last year by changing the benchmark to the People’s Bank of China rate from CNH Hibor.
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Japan’s rugby team were one of the great underdogs at this year’s Rugby World Cup. They made their presence known immediately with a staggering win against South Africa.
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Islandsbanki mandated leads for a euro bond roadshow on Thursday, as Iceland's banks return to the public debt market.
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Crédit Agricole has agreed to pay fines totalling $787.3m after admitting to transferring funds for clients subject to US sanctions.
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The question about whether the renminbi will be included the IMF Special Drawing Rights basket of currencies has already been decided. At least that’s the view from industry experts who are preparing for life after the RMB becomes a reserve currency.
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A $500m five year loan for State Bank of India, which launched into senior syndication in August, has attracted three lenders at the top level.
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A struggling nuevo sol is turning Peru’s companies rapidly away from international bond markets as the issuer of the tightest Peruvian corporate bond ever looks to rid itself of all dollar exposure.
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Latin American trade finance bank Bladex is understood to be monitoring potential yield levels in Japan’s Tokyo Pro-Bond market and could become the second name from the region to issue there.
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Credit Suisse has picked Citigroup, HSBC and Société Générale to underwrite its Sfr4.7bn rights issue, which will follow a private placement of Sfr1.35bn to anchor shareholders.
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Lenta, the Russian supermarket group, completed a $275m sale of global depositary receipts on Tuesday night, in an accelerated bookbuild of both primary and secondary stock.
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European high yield investors, who took a stand against the weakening of covenants with a letter of protest in February, say banks have taken no notice of their demands.