News content
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Inter-American Development Bank and KfW have got away with pricing dollar benchmarks of identical tenors on the same day although neither borrower tightened pricing from the initial price thoughts level.
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The UK Debt Management Office has announced the tenor and timing details of its first syndicated bond of the 2015-16 financial year.
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Germany showed six years away from syndications had not left it rusty on Tuesday, as it aced a €2.5bn April 2046 that extended its inflation linked curve by 15 years.
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ADM Investor Services has hired around 10 futures and alternative asset management sales staff in New York. They have all been hired from Jefferies’ wound-down Bache division.
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Two of the public sector bond markets’ biggest beasts locked horns this week when they picked the same day to bring dollar benchmarks in the same maturity. But this could be the new normal.
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Bpifrance is looking to revive the 15 year part of the euro curve, as SSA issuers and bankers heed European Central Bank president Mario Draghi’s advice to endure volatility.
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A post-oil world is no longer a hippy fantasy. By 2100, G7 leaders have declared, the global economy should no longer be cooking on gas. Policy and markets now face profound change.
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Two first time bond issuers joined the corporate pipeline on Tuesday, with TDF Infrastructure and the University of Liverpool preparing to debut, despite a choppy primary market.
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Gecina, the French real estate investment trust, issued its second euro bond of 2015 on Tuesday, and had to pay a chunky new issue premium and higher yield than last time.
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Mauser, the German industrial packaging group, is working to a short deadline as it amends its loan documents to make them more flexible for an IPO and a dividend payment.
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Nokia is refinancing a €1.5bn credit facility as part of its acquisition of Alcatel-Lucent, in a test of whether its relationship banks support the merger — one that could lead to turbulence around the pricing.
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Sealed Air, the US packaging company, is meeting investors in London since Tuesday to market its first euro bond, part of a refinancing of its notes due 2021.