News content
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Lingering uncertainty over Greece put a curb on credit spread movement on Wednesday, as a Greek parliamentary vote on austerity reforms failed to materialise in time to affect the July index options expiry. -
Deutsche Pfandbriefbank, nationalised during the financial crisis, has priced its IPO on Wednesday evening, at the bottom of the range, giving it a market capitalisation of €1.45bn.
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Three block trades took place on Tuesday night, as Europe’s equity capital markets appear to be returning to normality after the stress of the Greek debt negotiations of the past few weeks.
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New regulations restraining the risk taking ability of dealer banks contributed to last October’s sudden and mysterious selloff in US Treasury futures and options — dubbed the “Flash Crash”.
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Bank Sohar — Eesti Energia — Barwa Real Estate — Sodexo — Peab
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Aéroports de Paris reopened the corporate bond market on Wednesday after two weeks' silence, using an attractive new issue premium to amass a €5bn order book for the €500m deal.
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Alitalia, the Italian national airline, has printed its first bond since a new ownership structure took effect early this year.
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The European Stability Mechanism has sent out a request for proposals for a euro benchmark — and could ape the European Union, which brought a five year on Wednesday, said public sector bankers.
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Garfunkelux Financial Services, a German debt collection company, on Wednesday became the first European company to break the ice in the mainstream euro high yield market by starting a roadshow for a €365m deal.
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Portugal’s one year borrowing costs fell at auction for the first time since April as the sovereign overshot its maximum target in a debt sale on Wednesday.
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Stahl, the Dutch provider of chemicals for leather processing, has launched €585m of leveraged loans to refinance debt and pay a dividend.
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Russian iron ore producer Metalloinvest has signed a $750m pre-export finance facility, becoming the first Russian corporate borrower to follow Uralkali into the international syndicated loan market this year.
