News content
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The Far-Eastern Shipping Co has announced the results of its buyback offer for its 2018 and 2020 bonds.
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Infrastructure investment firm International Public Partnerships (INPP) has refinanced a £175m loan and increased it to £300m.
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Tennet, the Dutch government-owned electricity transmission system operator, has mandated banks for its first green bond and will travel to meet investors next week.
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US advisory firm Blackstone Group has opened guidance on a 10 year senior bond in less than hospitable market conditions, much to the surprise of bankers.
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National Bank of Oman is planning a $900m increase to its euro medium term note programme and has won approval for a debut AT1 issue.
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Bank Dhofar is roadshowing its tier one perpetual, having formally mandated National Bank of Abu Dhabi and Standard Chartered Bank as joint global co-ordinators for the dollar Reg S bond.
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Turkey’s first bank refinancing wave of 2015 has moved nearer to completion, with Isbank having closed a $1.37bn-equivalent loan.
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African Export-Import Bank could launch a $500m loan as early as next week, say bankers.
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Greece’s fudged payment to the IMF and a resumed rates sell-off has bankers already writing the week off in euros, but Pohjola Bank has shown issuers an escape route in sterling.
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DP World’s $500m no-grow five year bond is already seven times subscribed. Price guidance has been tightened to 160bp over mid-swaps, plus or minus 5bp.
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Trade and Development Bank of Mongolia launched a five year deal on Tuesday, May 12 in what is likely to be a real test of demand for high yield credits in Asia.
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The opportunity to buy into one of China’s largest private conglomerates, Fosun International, was too good to miss as keen investor participation propelled the company to take up an upside option and raise a chunky $1.2bn from an accelerated bookbuild on May 11.