News content
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DVB Bank SE made an opportunist move into the market on Tuesday after announcing a four year trade on Monday.
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Two peripheral bank trades on Tuesday offered further proof that the FIG market is once again in rude health. Ibercaja Banco opened books on its long awaited tier two and Banco Popolare opted for a senior five year.
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Beijing Infrastructure Investment returned to the euro market on July 20 with a €600m ($650m) four year bond, just four months after making its debut in the currency. The quick return was a resounding success for the state-owned issuer as investors that had stayed on the sidelines for the first deal came pouring in.
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Slovenia launched a 10 year euro benchmark on Tuesday, but decided against adding a 30 year tranche.
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After its parent company Altice zipped through the leveraged loan market with a refinancing of revolver drawdowns last week, Numericable, the French cable company, has followed with a similar deal.
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Commonwealth Bank of Australia and Lloyds Bank sold a quartet of private medium term notes in renminbi on Monday — and more notes in the currency could follow.
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Export Import Bank of Korea (Kexim) is set to make another outing to the offshore renminbi bond market this year with a new bond dual listed in Taiwan and Singapore. It looks to take advantage of cost currency swap rates between dollars and renminbi.
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The Abu Dhabi based Emirates Motor Company (EMC) has closed a $175m loan that includes an Islamic component with four banks.
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Singapore listed property developer Oxley Holdings has launched an S$110m ($80m) two year bullet into the market. The company has picked one bank to arrange the financing, which offers a margin that steps up based on time elapsed.
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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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Industrial conglomerate Cosan looks set to provide the toughest test of investor appetite for Brazilian credit risk since Petrobras published its delayed 2014 financials results in April.
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Beijing Energy Investment Holding (BEIH) is set to join the string of Chinese issuers who have increasingly tapped the euro bond market this year.