News content
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Spain’s nine month borrowing costs dropped to a euro-era low of minus 0.6bp at an auction on Tuesday, amid signs of investor pushback against negative yields.
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BPCE, the French banking group, launched its first Australian deal since April, a tier two deal which attracted strong demand from investors.
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Teva, the Israeli pharmaceutical company, will hold a meeting with banks on Wednesday for the syndication of $33.75bn of loans it is using to buy generic drug business Allergan Generics.
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State owned power company Hrvatska Elektroprivreda (Hep) rounded off a smooth refinancing exercise this week, with a seven year deal that crushed the concession it pays over the Croatian government.
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China Reinsurance has pulled off one of the year’s largest IPOs in Hong Kong, and all signs are pointing to an equally positive finish for China Huarong Asset Management. But while their success bodes well for market sentiment, participants would be wise not to oversell a recovery too quickly.
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Chinese company Minsheng Financial Leasing, which launched a $200m offshore loan in July, has reduced the margin on the deal by 45bp.
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India's Rural Electrification Corp, which sent out a request for proposals for a loan of $150m in September, has zeroed in on two lenders to supply the funds and doubled the size of its deal.
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The Hong Kong subsidiary of Chinese conglomerate Peking University Founder Group has hit the syndicated loan market for a financing of $80m with one bank at the helm.
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South Korea’s Woori Bank, which sent out a request for proposals for an offshore bond earlier this month, has hired banks to arrange meetings with investors.
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Two units of the Japan Post group have priced their IPOs at the top of the range, bolstered by strong demand from long-onlys and retail investors eager to get a slice of the country's biggest listing in years.
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Uruguay sent a sign that broad volatility in emerging markets would not put Latin American sovereigns off the new issue market with a $1.7bn amortising 12 year deal that it will use to buy back old bonds.
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Dongfeng Motor Group is set to make its debut in the euro-denominated bond market on Tuesday, as the company aims to raise proceeds to pay back part of a bridge loan in the currency.