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US futures and options markets have begun to point towards a later rate hike by the Federal Reserve than previously anticipated, say market participants, as macroeconomic risk factors overshadow the country’s stronger economic data.
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Lufthansa succeeded on the third attempt at its debut hybrid deal on Tuesday, shrugging off any fears of sleepy summer markets by gathering a more than three times subscribed book for the trade.
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International Finance Corporation has curried favour by printing the first green offshore rupee bond — and could soon return to dollars with a socially responsible issue.
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Export Development Canada (EDC) has priced its inaugural public bond in offshore renminbi and, having beaten its initial size target on the deal, could soon be back in the market.
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More German Laender could look to print in euros after an encouraging show from investors for a four year syndication from Lower Saxony on Tuesday.
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Dongfeng Nissan Auto Finance is back in the Chinese auto loan ABS market this week after a hiatus of more than a year. But unlike its debut in 2014, the joint venture firm is now eyeing a much larger Rmb1.5bn ($242m) transaction that features an international rating from Moody’s.
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Barclays was on track to print its first standalone sterling AT1 inside 8% after pulling in more than £3bn of demand on Tuesday morning.
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Azerbaijan state-owned oil company Socar is in talks with banks over a syndicated loan, according to two loan bankers.
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French home equipment retailer BUT SAS on Tuesday offered a €66m add-on of its €180m secured notes suggesting it is studying the acquisition of a franchisee network.
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Shanghai Electric Power Finance raised $500m from its debut five year Reg S bond, attracting a near five times covered book for its offering.
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Mexican building materials company Cemex, has signed $3.79bn of loans including a €620m tranche after an upgrade to BB- from Fitch.
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Bondholders overwhelmingly approved State Savings Bank of Ukraine’s (Oschadbank) Eurobond reprofiling plans this week, which senior board members said should answer rumours of a possible default.