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Violent swings in European rates are clearly fresh in investors’ minds, with Dexia Crédit Local set to print the sixth floating rate note in the last five sessions on Thursday.
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Aircraft manufacturer Embraer has mandated Citi and Morgan Stanley to run fixed income investor meetings as Brazilian companies relish renewed appetite for the country since Petrobras filed its full year results in April.
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The continuing saga of Kaisa Group Holdings reared its ugly head once again this week when Sunac China Holdings announced it had terminated the acquisition of a stake in the troubled property developer. But that had little impact on the primary pipeline, with two high yield real estate companies raising a combined $600m.
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The Democratic Socialist Republic of Sri Lanka is set to return to the offshore debt market on May 28, while China National Bluestar and Global Logistics Properties (GLP) are also marketing their maiden dollar bonds to investors.
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ANZ this week sold the largest green bond by an Australian issuer in its first outing in the format, raising A$600m from the five year note and drawing strong support from ethical funds.
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Property developer Evergrande Group launched a top-up placement of shares on Thursday morning to raise up to HK$4.75bn ($613m), offering a hefty discount of up to 10% due to the recent run-up in share price.
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Bank Rakyat Indonesia (BRI) has picked a consortium of more than 10 banks to supply its $550m club loan. The lender had sent out a request for proposals for a $400m fundraising back in March.
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The Bank of England has launched a consultation which aims to come up with a rule to prevent counterparties to a firm in resolution from running away from derivatives contracts.
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Traders have asked the International Swaps and Derivatives Association’s determinations committee to decide whether a credit event has occurred with respect to Grohe Group, the German maker of bathroom fittings.
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Cellnex Telecom, the broadcasting towers business of infrastructure group Abertis, plans to issue its first bonds to reshape its €1.1bn of corporate debt.
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RCI Banque, the finance arm of Renault, raised €750m with a seven year bond on Wednesday. While some away from the deal thought the size was ambitious, the bond traded well in secondary.
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Tuesday night’s two substantial block trades, in Dutch insurer NN Group and SSP, the UK catering company, both went well despite softness in equity markets before and during the trades.