News content
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Belgian and German medical diagnostics provider Amedes brought some investors who had initially declined the €525m loan back into the fold this week as deal supply fell.
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US Federal Reserve chair Janet Yellen has firmly replaced Greek prime minister Alexis Tsipras as the spectre haunting sovereign, supranational and agency bond bankers’ dreams as they revealed their darkest autumn fears to GlobalCapital, write Craig McGlashan and Tessa Wilkie.
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Spanish renewable energy developer Abengoa became this week’s market punchbag after on Monday announcing a shock €650m rights issue that left both debt and equity investors running for the hills, writes Victor Jimenez.
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Last month we noted that market-based measures of implied volatility had fallen considerably as Chinese indexes stabilised, developed market equities moved toward recent highs and commodity selloffs were contained. Two weeks later, we find that volatility risk premiums have fallen further in most cases, as traders price in less risk during a seasonally quiet period.
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Royal Bank of Scotland’s painful restructuring was rewarded by the capital markets this week as investors swarmed all over an equity block and threw $26bn at the state owned lender’s debut additional tier one bond.
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HSBC’s second senior unsecured dollar benchmark of the year and a $1.25bn hybrid deal from Citi provided the highlights of a relatively quiet week for financial issuance in the US.
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Barclays this week joined UBS and Royal Bank of Scotland in using strong second quarter results as a launchpad for additional tier one (AT1) issuance, printing its first standalone sterling trade.
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Tele Columbus, the German cable company, is planning a €240m capital increase with pre-emptive rights to finance acquisitions.
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A pair of rare SSA names kept Kangaroo supply ticking over this week with taps of longer-dated deals.
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German cable company Tele Columbus is allocating a €435m leveraged loan that backs its acquisition of rival Primacom, setting out its ambitions for consolidation in the sector.
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KazMunaiGas - Socar - Turkish Airlines - IAG - Northgate
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Offshore renminbi’s public sector fan base is growing, with Asian Development Bank printing a rare private MTN in the currency and Export Development Canada debuting a public bond in the format.