News content
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Sunrise Medical, a German wheelchair maker, is holding a bank meeting on Friday to market a €315m acquisition loan. Like many leveraged finance borrowers this year, it has pre-placed the second lien.
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A rare second half spike in CEEMEA new issues is in prospect this year despite the looming US rate rise, writes Francesca Young.
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All but one of Afren's directors resigned on Thursday, ahead of the firm’s annual general meeting, pre-empting what some shareholders had expected would be a bloodbath vote for any historical director seeking re-election.
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Moody’s is introducing a new methodology for rating clearing houses, as these institutions take on an increasingly vital role in maintaining the financial system.
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The Black Sea Trade and Development Bank (BSTDB) is considering printing the first bond from its new €1bn MTN programme in the third or fourth quarter of this year.
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Heinz rounded out an impressive debt financing exercise on Wednesday for its merger with Kraft, adding modestly sized euro and sterling bonds to the $10bn seven tranche dollar issue it had done on Tuesday.
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Commodity traders Mercuria Energy Trading and BB Energy had a moderated appetite for bank debt in their refinancing deals this week but loan bankers don’t expect all commodity traders to keep such a cool head in future.
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The rising popularity of weekly single stock and index options on US exchanges has paved the way for the introduction of so called weeklies on the VIX itself in the near future.
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Kennedy Wilson Europe Real Estate issued £300m of seven year bonds on Wednesday, dividing market opinion. Some bankers said the deal looked cheap and poorly supported.
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ArcelorMittal met with a warm welcome from retail investors on its first outing in the Swiss franc market on Thursday.
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July is typically a slow month for covered bond issuance, but with the primary market having been on hold for much of May and June, it might for once be the time for issuance.
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Amid the torrent of market moving signals from Greece this week came four FIG deals, all of which were the successful results of drive-by dealmaking.