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Bpifrance managed to increase a 15 year deal from its target size on Wednesday despite rocky government bonds markets, but had to print at the wide end of guidance and initial price thoughts.
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A crucial bill auction on Wednesday put Greece on course to meet an imminent redemption — but Italy’s short term borrowing costs rose ahead of several eurozone auctions later this week.
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Wednesday was another deal-less day for Europe's investment grade corporate bond market, as choppy conditions led borrowers to shun issuing — despite a packed pipeline.
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CMA CGM, the French shipping group, raised €175m on Tuesday by tapping its €550m senior unsecured bond, sold on Wednesday last week, when it abandoned a planned dollar tranche.
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Around €2bn of leveraged loans backing CVC’s acquisition of Douglas, the German perfumery chain, is set to hit the market. Arrangers are lined up and the buy side is craving new deals.
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Minimax Viking, the German fire protection systems provider, has repriced both dollar and euro tranches of €701m-equivalent of leveraged loans within guidance, but at different ends.
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Credit Suisse’s attempt to issue holding and operating company debt simultaneously appears to be falling flat with pricing unmoved at guidance on both the defensive three year floater or 10 year senior bond.
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Oilfield equipment provider Hilong Holdings launched a $100m loan into general syndication, offering generous returns.
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Canada's Manulife Financial Corp is set to start pre-marketing its S$400m ($297m) real estate investment trust (Reit) IPO bound for the Singapore Exchange early next week.
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India’s Bajaj Finance scored a coup with its qualified institutional placement (QIP) launched on June 4, raising Rp14bn ($219.84m) with a tight discount despite nervy market conditions, even as one anchor investor offered to take the entire trade.
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Rumours are swirling that Chinese company Giant Interactive, which wrapped up a $850m leveraged buyout loan only last year, is considering prepaying the money early.
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Crédit Agricole has returned to Taiwan’s Formosa bond with its second offering of the year, several bankers have told GlobalRMB, with banks the dominant buyers of the five year bond. Meanwhile, Bank of China Taipei Branch has revised guidance for its upcoming multitranche deal.