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Euronav, a Belgian oil tanker and storage firm, has signed a $750m secured loan, partly to buy new vessels to capitalise on a market for oil tanker services that is buoyant, despite the fall in the crude price.
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Another issuer joined the corporate bond pipeline on Tuesday, as German investment company JAB Holdings hired banks for a roadshow.
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Akelius Residential Property, the Swedish property group, will begin a roadshow on Monday, September 7, for its first high yield bond in euros.
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Estonia's Eesti Energia is looking to print a euro denominated Reg S bond.
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Canadian Imperial Bank of Commerce and Toronto-Dominion Bank launched euro floaters on Tuesday morning, and bankers expect fellow North American banks to follow their lead in the next few sessions.
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Russian steelmaker Evraz signed two bilateral loans this month and is in the market for a bigger syndicated deal, according to bankers, while its competitor NLMK is still in talks with banks after trying to issue a syndicated loan for two years.
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Russian mining company Norilsk Nickel is undertaking series of investor update meetings in early September.
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The leasing arm of Turkey’s Yapi Kredi Bank, Yapi Kredi Leasing (YKL), has signed its first loan in eight years for $106m, as its parent company kicks off a $1.2bn refinancing.
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Lloyds Bank was at the head of a stack of FIG trades that hit the market on Tuesday, despite European stocks diving again on poor manufacturing data from China.
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Jiangxi Jiangling Chassis Co’s IPO on the Singapore Exchange (SGX) is off the table, with the S$49m ($35m) transaction falling victim to the global sell-off in equity markets that took hold last week and saw investors running for the hills on all things China.
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Saudi Electricity Co has received approval from its executive committee for a new sukuk programme and a revolving credit facility. If the firm deploys the former this year it should help breathe life into a sukuk market that has lost much of its steam after a strong start to the year.
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Taiwanese leasing company Chailease International Financial Service is considering raising the size of its borrowing marginally to $130m, after six banks joined the deal during syndication.