News content
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Swedish online gaming company Betsson has signed $124m (€111m) of bilateral facilities to buy Georgia-based gaming operator Europe-Bet.
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Credit Bank of Moscow has successfully completed its IPO, raising over Rb10bn ($180m). That is considerably more than its Rb6.2bn minimum deal size.
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Euroclear Bank, the Brussels-based international central securities depository (ICSD), and China Construction Bank (CCB) on June 29 signed a Memorandum of Understanding (MoU) to further develop the offshore renminbi capital market. The signing was attended by China’s premier Li Keqiang.
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New issue concessions of 50bp drew snorts of derision from some corners of the FIG market last week, but with Greece sending shivers down investors’ spines, the banks that paid up early may have the last laugh.
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Asian local currency bond markets have seen a variety of reactions to sour news of the likely default out of Greece. Markets like Singapore and India have seen bond issuances come to a halt, while other markets have carried on their local bond activities as usual.
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Philippine lender China Banking Corp (China Bank) marked the end of an eight year absence from the syndicated loans market with the signing of a $158m loan on June 25.
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OUE Commercial Real Estate Investment Trust (Reit), a well-known name in capital markets, is tapping its shareholder base for S$218.3m ($161.6m) via a nine-for-20 rights issue to fund its acquisition of One Raffles Place in Singapore.
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The International Finance Facility for Immunisation (IFFIm) has lead managers lined up for a rare social responsible investment (SRI) sukuk.
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Morgan Stanley is this year heading Dealogic’s table of Latin America bonds by volume, having finished last year in 10th position. At this time last year it was not in the top 10 at all.
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Greece's stand-off with its creditors has not quashed all FIG activity this week, with Intesa Sanpaolo issuing €782m of tier two and UniCredit buying back some subordinated debt of its own.
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The International Finance Corporation (IFC) has chosen the lead managers for its first sukuk in six years.
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Haitong International made a quick return to the syndicated loans market on June 26, just two months after it had wrapped up a HK$6bn ($773m) fundraising. Not only did the Chinese broker manage to fetch a bigger than expected HK$4bn, it also shaved 20bp off its margin with the latest outing.