News content
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Barclays has put Victor Wang at the helm of its China financials research and China equity strategy team, poaching the veteran analyst from Credit Suisse as the bank expands its coverage of Chinese equities.
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James Holian, ANZ’s head of debt syndicate for Asia, has left his role and is now considering his options within the lender GlobalCapital Asia understands.
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Oil market volatility was driven higher this week as traders placed bearish bets amid the prospect of more Iranian supply following its sanctions deal combined with weak fundamental data.
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The timing and political fallout of a Greek parliamentary vote on reforms could prove crucial for iTraxx credit index options on Wednesday, with the July expiry due to take place at 4pm.
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High yield borrowers continue to hold back deals and avoid paying steeper issue premiums than they would have faced before the latest Greek crisis, but the new bailout offer is easing fears.
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French smart card manufacturer Linxens has launched $1bn of leveraged loans to back its buyout by CVC. The deal has a hefty dollar slice.
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A German region managed to raise €500m via a tap and a supranational is lining up a euro deal, despite the Greek debt crisis limiting benchmark opportunities in the currency.
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European Investment Bank brought the first seven year benchmark in dollars since April on Tuesday — providing encouragement for any issuers hoping to find depth at the longer end of the dollar curve.
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Syndicate bankers and investors are keen to see who will be the first issuer to take to the euro market should the market see its desired outcome in Wednesday’s vote in the Greek parliament. It may not be the obvious familiar faces that reopen the market, however.
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Rentenbank has returned to sterling with its largest print in the currency in over seven years as opportunities for cross currency arbitrage to euros abound, according to syndicate bankers.
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Rocket Internet, the German internet business group, launched on Monday night its first convertible bond, and raised €550m. But the deal, led by JP Morgan, was criticised by rival bankers, and led to a steep fall in Rocket Internet’s share price on Tuesday.
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French catering, support and care services group Sodexo has amended and extended $1.3bn of credit facilities, but previous bookrunner Credit Agricole has left the syndicate.