News content
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Telenet, Belgium’s largest cable operator and a subsidiary of Liberty Global, issued a €530m high yield bond on Tuesday, to refinance its 6.375% 2020 bond.
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Mediclinic, the South African healthcare group, will launch on August 11 a R10bn ($810m) rights issue to fund its takeover of Cinven’s remaining stake in London-listed Spire Healthcare.
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The US Federal Reserve has revised its rules on calculating how much extra capital big banks need to hold, so that banks which use more short term funding need bigger capital buffers.
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The adding of FC Barcelona legend Pep Guardiola’s name to a list of pro-independence candidates for the Catalonia regional parliament elections in September is the latest in a long line of football/capital markets crossovers. Rarely do they end well.
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Three companies on Tuesday added to the prospects for corporate bond issuance in Europe this week. Bolloré and RWE are set to complete deals roadshowed in June while Eurofins scientific has given a new mandate.
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The European Stability Mechanism comfortably raised the €2bn it needed from a tap issue on Tuesday — but there were doubts as to whether it has reopened the euro market for SSAs.
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Time Warner issued a well received eight year euro bond on Tuesday, as it finally pulled the trigger on a trade that was first mandated at the end of April.
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The UK Debt Management Office reopened a 2068 bond on Tuesday with a syndication that was nearly four times subscribed.
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World Bank joined a swarm of issuers looking to print in the dollar market with a mandate on Tuesday for the first 10 year benchmark in seven weeks.
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International Airlines Group replaced Bank of America Merrill Lynch and Deutsche Bank as the initial lenders in its €1.4bn acquisition facility because the pricing they wanted for the loan was too expensive, according to a banker on the deal.
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Spain’s three month borrowing costs dipped back into negative territory and to a record low on Tuesday, as the eurozone periphery enjoyed a strong run of trading before Portuguese auctions later this week.
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DomusVi, the French operator of private care homes for the elderly, announced on Tuesday a €125m tap of its subsidiary HomeVi’s only high yield bond, as it is acquiring Geriatros from private equity fund Magnum.