News content
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Sunflower oil producer Kernel’s signing of a new credit facility with banks should encourage other Ukrainian borrowers to achieve loans, say bankers involved in the deal.
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Ufinet, the telecoms unit of Gas Natural Fenosa (formerly called GNF Telecom), has pulled a repricing of its €295m leveraged loan, in a sign that the market's repricing wave may be breaking.
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The UK Debt Management Office kicked off its syndication schedule for the 2015-16 financial year with a bond that was more than two times subscribed.
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Eurozone periphery yields fell in secondaries on Tuesday as hopes grew that Greece will strike a deal with its creditors this week, but Spain’s borrowing costs still rose at a bill auction.
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ABN Amro shrugged off Greece concerns and surprised the market with a blowout tier two trade on Tuesday, drawing €8bn of orders from a starving market.
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CVC Partners on Tuesday offered a €1bn two tranche bond, which will fund its acquisition of German cosmetics retailer Douglas Holding from Advent International.
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NRW.Bank has taken advantage of rising dollar rates to place its first callable zero note in dollars for nearly a year — and more issuers could follow.
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Germany has reduced its issuance target for 2015 by €5bn, with the cuts to come at the short end of the maturity curve.
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Bank of China has signalled its commitment to Beijing’s “One Belt One Road” policy with plans for a new five-tranche, four-currency bond that will be issued by its branches along the trade rout. The senior notes in dollars, euro, Singapore dollar and offshore renminbi are expected to raise up to $4bn and are a global first.
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Bond bankers covering Latin America fear summer has come early for new issuance from the region as lack of use of proceeds has decreased the need for new financing.
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For the first time ever, CEEMEA year to date bond pricing volumes at the half year point are lower than expected maturity volumes for the full year, according to Dealogic data. The result is that bond funds focused on the region are cash rich and little worried about recent small outflows.
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Malaysia’s Sunway Construction Group has netted cornerstone commitments from six local funds for its up to MR550m ($147m) IPO, giving the float some early momentum before it launches.