News content
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Bank Saint Petersburg is offering to repurchase a total of up to $50m of its $100m 10.5% 2017s and $101m 11% 2018s.
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3i group has shown its belief in floating rate bonds, launching a fund that will target the asset class on both sides of the Atlantic.
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And the corporate bond market thought it would be a quiet week. Many syndicate bankers have been focused solely on Sunday's Greek referendum, until the European Central Bank signalled its intention to barge into their world.
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Ace, the Swiss-based insurance company, will fund part of its $28.3bn bid for rival Chubb with $5.3bn of new debt.
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Interglobe Aviation, which operates Indian passenger airline IndiGo, has lifted off for its IPO of at least $400m, filing a preliminary prospectus with the market regulator.
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Íslandsbanki has raised Skr150m via a reopening of its existing notes and is the second Icelandic bank to issue in a Scandinavian currency this week.
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Belgian insurer Ethias announced the terms of an exchange offer for its perpetual tier two 4.747% notes this week. The insurer has been blighted by negative headlines which have hit the performance of its bond over the last six months.
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Halkbank has agreed a $888m equivalent loan with banks, making use of the novel 364/367 day tenor structure introduced by peer Turkish banks this year.
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HSBC sits in its traditional top stop in the sukuk league table halfway into to what should be a record year for international benchmark issuance. But its lead has shrunk to the smallest margin in five years, with regional banks snapping at its heels.
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China has taken a welcome but quirky approach to its first publicly-traded real estate investment trust (Reit), as a decade-long effort to bring the structure to the mainland bears fruit.
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Stronger markets in Hong Kong and China on June 30, after consecutive days of losses, paved the way for two accelerated blocks, as a cornerstone in Dalian Wanda Commercial Properties exited the firm, while Far East Horizon found an opportune window to raise new capital.
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China Huiyuan Juice Group raised €200m ($223m) from its debut euro bond on June 29, a lone success as Asia's primary bond market stuttered amid the Greek debt crisis. Market volatility proved no hindrance for the deal’s unconventional execution as a heavily anchored book allowed the juice maker to wrap up bookbuilding within two hours.