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Stagecoach Group, the UK bus and train operator, filled the book for a £400m bond issue more than twice over on Monday, breathing life into a previously empty sterling market.
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Banco Popular Español (BPE) and Caja Rural de Castilla-La Mancha (CRCLM) issued Cédulas this week that were barely subscribed and relied heavily on demand from the European Central Bank.
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Deezer, the French music streaming website, this week registered its document de base with the French regulator in view of listing its stock in Paris.
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Supranationals have sold a series of MTNs in rare emerging market currencies in the past few weeks, highlighting the demand from investors making plays on exotic currencies. More deals from public sector borrowers are likely, said dealers.
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Swedbank and SR Boligkreditt defied tricky market conditions this week to respectively raise €1.25bn and €500m in five year covered bonds.
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Proximus, the new name for Belgian telecoms company Belgacom, issued a €500m no-grow bond on Monday, achieving a high oversubscription for the deal.
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CEEMEA bonds have been tossed into free fall as investors fretted over the swirl of rising rates, low commodity prices and China, pushing several borrowers’ spreads 45bp wider on the week. But two brave sovereign issuers — Albania and Ghana — still saw the timing as right to announce roadshows for new bonds.
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The tug of war over the Spanish renewable energy company Abengoa ended on Thursday, with the founding family caving in to at least some of its banks' demands, in return for their underwriting a €650m capital increase.
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Standard & Poor’s has joined Fitch in putting Volkswagen on CreditWatch negative, although the company has won some respite in secondary bond markets.
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Market conditions were far from conducive this week, but that didn’t stop nine issuers from raising a collective €7bn, which in several cases was done in spectacular style.
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Municipality Finance scored a series of firsts on Thursday with an instrument that is typically the preserve of the bank market — setting a path that leads on the deal believe others could follow.
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The Ukrainian government has released the exchange offer for its sovereign Eurobonds, amended from what was previously announced.