News content
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Angola has updated the mandate for its debut public Eurobond again, including a different European bank this time around.
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Turkey's Vakifbank and Isbank have secured the same 75bp all-in costs as Akbank's recent deal for their annual trade finance loans.
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Spain kicked off a busy week for the eurozone periphery with a bill sale where the sovereign’s borrowing costs repeated their pattern for much of this year by bumping around 0%.
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The first trades in Italian punto di scambio virtuale (PSV, or virtual trading point) futures contracts have taken place on Intercontinental Exchange’s ICE Endex platform.
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Com Hem, the Swedish cable company, plans to redeem €187m of notes issued by its subsidiary NorCell Sweden Holding 2, using new and existing loans, reducing its interest costs by 100bp.
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In an unexpected move, Dubai Islamic Bank (DIB) pulled out of Albaraka Türk’s latest $450m murabaha loan because it did not think the loan was Shariah compliant, according to two bankers on the deal.
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The Republic of Latvia has mandated DNB, HSBC and Natixis to arrange a 10 year euro denominated benchmark bond, its first since the start of ECB sovereign bond buying.
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IMAX China started testing investor appetite for its $300m-$500m IPO in Hong Kong on Tuesday, even as sentiment in equity markets remained dour and shares in the city fell 0.49%, tracking losses in Shanghai.
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Latin America’s bond bankers are contending with shrinking fees while bond volumes in the region have hit their lowest year to date volume ebb since 2009.
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Weichai Power has mandated four banks to work on a proposed dollar offering, which would mark the company’s first outing in the international bond market.
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Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) has wrapped up and allocated its latest borrowing of $200m, double the launch size, despite struggling to gain traction in the beginning.
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The Hong Kong government this week made its pitch to be the link between Asean countries and China under the ‘One Belt, One Road’ initiative. The city should leverage its “super-connector” role to become the Asean trade centre on the OBOR map, said So Kam Leung, Secretary of Commerce and Economic Development Bureau of Hong Kong at the Hong Kong-Asean Summit on September 14.