News content
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The dollar market has burst into life after post-Fed with three European issuers tapping the currency in two days as the euro market drifts without direction.
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UBS made a successful holdco debut in the US markets on Monday. More than $13bn of demand propelled the triple tranche note inside Credit Suisse’s indicative secondary curve.
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Standard Bank is planning a loan for Stanbic Nigeria, its third loan for a subsidiary following deals it completed for Stanbic Kenya and Stanbic Zambia in recent weeks.
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ASR Nederland offered an elevated new issue premium for its euro tier two deal on Monday, following Danish insurer Danica Pension into uncertain conditions in the European FIG market.
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Two banks have launched a $700m three year borrowing for Fosun Industrial, an affiliate of Chinese conglomerate Fosun International.
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A pair of European banks have printed private medium term notes in yen after several years away from the currency.
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National Bank of Abu Dhabi has raised $75m with a trio of private floating rate medium term notes, printing at its shortest maturity yet in the format, and more in such maturities could follow from banks in the region.
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The subdued Hong Kong IPO market is finally getting a dose of action with a pair of issuers, IMAX China and Regina Miracle International, aiming to wrap up their debuts ahead of the upcoming Chinese Golden Week holidays.
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Korea National Oil Corp (KNOC) opened books for a new ten year bond on Tuesday, in what will be its first debt sale of the year.
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Rural Electrification Corp is seeking a new $150m five year loan and sent out a request for proposals (RFP) this week, marking a quick return to the debt market.
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South Korea’s Hyundai Samho Heavy Industries is in the market to sell down all of its stake in steelmaker Posco, with the accelerated bookbuild expected to raise up to W232bn ($196m).
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The Republic of the Fiji Islands is looking to return to the international bond market this week after a four year absence. The sovereign was encouraged by strong demand for an earlier tender offer of its existing notes.