News content
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Armenian financial Ardshinbank priced a $100m five year amortising deal on Wednesday, and became one of only a handful of CEEMEA borrowers in recent years to offer a 12% yield.
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Ak Bars Bank has mandated Credit Suisse and UBS to arrange a Eurobond. If the deal goes ahead, it will be the first new issue from Russia this year.
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Synlab, the German laboratory services provider, is being acquired by private equity firm Cinven. The deal will be partly funded with €1.08bn of high yield debt which was priced on Thursday.
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Georgian firm Rustavi Azot released price guidance for its $180m five year non-call three notes on Thursday, and now expects to price the bond on Monday.
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German agency KfW expanded its stable of green bond issues to a fourth currency this week when it sold a debut sterling-denominated green bond.
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The Russian government has joined a growing group of sovereign CPI-linked bond issuers, and analysts expect the government to return for at least one more sale this year.
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Gazprom is asking for consent to modify the terms and conditions of its £500m 5.338% loan participation notes due 2020.
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Spain’s Instituto de Crédito Oficial has raised over $100m equivalent with a private medium term note in Brazilian reais, and is keen to print more MTNs in the currency.
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Apple is set to issue its first ever sterling bond, after mandating banks on Thursday. It is the third currency in which the issuer will have made its debut in 2015.
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Numericable has followed the example set last week by its parent company Altice and accelerated an €800m refinancing loan to close for commitments by Friday.
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The Chinese stock market’s rapid plunge into bear territory this month has brought unexpected gains for the equity capital markets of another large emerging economy — India. ECM bankers in that country have started to see a big uptick in interest from international investors eager to park their funds in a safe haven, writes Rashmi Kumar.
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Dexia Credit Local was the sole voice in the senior market on Thursday and printed a €2bn three year, the largest deal since UBS in May.