News content
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Statkraft, the Norwegian state electricity company, made a successfully defensive venture into an uncertain corporate bond market with a €500m no-grow bond on Monday.
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European Investment Bank tapped a 2022 sterling line for £300m on Monday, and is open to printing more in the currency.
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The euro pipeline for SSAs is fit to burst amid strong conditions, with a trio of issuers hitting screens on Monday and at least one borrower set to come with a deal later in the week.
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Davide Campari-Milano, the unrated Italian drinks company, began a roadshow in London on Thursday for its first euro bond issue in three years.
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Dollar issuance from SSAs this week will be limited to small, opportunistic deals — if any appear at all — said bankers, as worries over swap spreads and an upcoming rates decision stifle benchmark issuance.
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Borealis, the Austrian chemicals and fertiliser producer, has extended its €1bn five year revolving credit facility by one year.
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Stephan Dorner has left his job as covered bond and SSA analyst at the French bank for a new gig at Morgan Stanley.
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Morgan Stanley has bulked up its FIG DCM team with a new hire from Crédit Agricole CIB.
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Two insurance companies are meeting investors this week for tier two trades as the sector continues to beef up its capital ahead of the implementation of Solvency II in January 2016.
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Commerzbank and Banco Popolare both found it difficult to drum up large order books on Monday.
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Turkish participation bank Albaraka Türk has signed a $450m-equivalent one year loan, which it increased from the $400m launch size.
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Bond and equity investors in Abengoa, the Spanish renewable energy company, took heart this week after Standard & Poor’s affirmed its rating after the market close on Friday, September 11.