News content
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Worldwide Flight Services, the cargo and luggage handling business owned by LBO France, is roadshowing a €225m unsecured bond to support its acquisition by Platinum Equity.
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Eco World Development Group has shelved plans to create Malaysia’s first property-based special purpose acquisition company (Spac), opting instead to list its international assets directly on the local bourse.
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Following the departure of HSBC's head of EMEA loan syndicate, Andrew McMurdo, in April, another senior loans banker is leaving for personal reasons.
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Charles Li is to remain head of Hong Kong Exchanges and Clearing (HKEx) for at least three more years, after the bourse operator extended his contract.
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Spreads on junior bank debt are 67% wider on average this year than last, according to Fitch research, as investors have digested bail-in becoming a reality in Europe.
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European money market funds are buying more and more Chinese bank debt as low yields and falling short-end issuance from European banks forces them to look elsewhere.
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The International Finance Facility for Immunisation (IFFIm) is planning a second sukuk deal, and should announce the transaction in the next few weeks, said bankers familiar with the borrower’s plans.
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The transformation of the euro market for public sector borrowers from a calm sea of ever falling yields to a tempest of volatility took another step this week — and worse could be on the horizon.
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AP Møller-Mærsk, the Danish shipping-to-oil conglomerate, has extended its $5.1bn flagship credit facility by one year, to 2020.
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IndiGo, the Indian budget airline, has fine-tuned its corporate structure to create more headroom for foreign investors as it inches closer to a $400m-$500m IPO in the second half of the year or 2016.
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Greek bank debt has taken a battering this week, in some cases falling to record lows. But default or not, for the FIG market the worry is that the autumn will not offer much more security.
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Solar power company China Singyes Solar Technologies has hit the offshore loan market for a $150m three year fundraising, with two banks at the top. The loan follows on the heels of another fundraising by a company in the same industry — Xinyi Solar. But the China Singyes facility offers a substantially higher return.