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The all-important deadline of July 20 passed without incident, Greece having redeemed its debt to the ECB with the help of a bridging loan. That doesn’t mean the crisis in Greece is resolved – far from it – but it does give the market some breathing space.
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Goldman Sachs is out of the running for the IPO of ABN Amro, according to a banker still competing for the deal. That leaves six banks still in the race.
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Slovenia gave CEEMEA the privilege of producing the first post-Greek agreement Eurozone sovereign deal this week. Pricing with only a single digit new issue premium and a pack of investment grade accounts in the book proved the sovereign is increasingly leaving its EM roots behind. But the success will still raise hopes among CEEMEA governments looking for duration.
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Ado Properties, the Berlin-focused residential property company, priced its relaunched IPO on Wednesday at the bottom of its price range. The shares fell 2.5% on their debut on Thursday.
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ABN Amro has hit the yen market with a trio of chunky private medium term notes, its first deals in the currency in over a year.
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Commonwealth Bank of Australia and Lloyds Bank have placed a quartet of private medium term notes in renminbi — and more notes in the currency could follow.
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Eurofins Scientific, the Luxembourg-based laboratory analysis firm, made its third bond market appearance of 2015 on Thursday, offering a juicy new issue premium to offset fears about investor saturation.
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Nationwide Building Society stood out on another busy day in the covered bond market, shaking off three rivals to print a €1bn mortgage backed bond on Thursday in line with Lloyds and Bank of Nova Scotia.
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The FIG market cranked into life on Monday with Goldman Sachs’ €2.5bn dual tranche offering proving there is demand at both the long and short ends of the curve.
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KommuneKredit priced its first Canadian dollar benchmark in line with guidance this afternoon after increasing the deal in response to strong central bank demand.
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A return of stability in the European credit market has exposed mounting concerns for companies involved in commodities trading, with sector names underperforming credit indices and cash bonds.
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In what was hailed as a momentous, perhaps record breaking, week in high yield finance, Japanese telecoms operator SoftBank took the crown by raising the year’s biggest Asian offshore high yield deal, writes Victor Jimenez.