News content
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UBS has named two global co-heads for its financial sponsors business, poaching one from Morgan Stanley and promoting another from within the bank
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Sweden has mandated banks to run a benchmark in dollars, taking advantage of a clear window of issuance in the currency this week because of holidays in Japan.
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The European Financial Stability Facility will have a tricky tenor choice for a deal window next week — if it chooses to use it at all, said SSA bankers.
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Cyprus could hit the 10 year part of the curve later this year, after printing a seven year last week that was trading 20bp lower than its reoffer yield on Tuesday.
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Eircom, the Irish telecoms company, has arranged an investor call for a €2bn amend-and-extend process on its loans, that will bring documentation into line with market standards.
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Bankers are preparing the ground for the first Turkish covered bond with Akbank and Garanti Bank both lining up for issuance.
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Higher outright yields caused by soaring Bund spreads are leading FIG investors into longer paper this week, as the euro pipeline defies wider uncertainty.
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Emirates NBD has sold a trio of privately placed medium term notes, amid growing demand for MTNs from the region.
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The Far-Eastern Shipping Co has extended the deadline for the buyback offer for its 2018 and 2020 bonds to Friday.
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DP World, the container ports group, is roadshowing a dollar benchmark conventional bond issue this week via Barclays, Citi, Deutsche Bank, Emirates NBD, HSBC, National Bank of Abu Dhabi and Société Genérale.
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State owned China Energy Reserve and Chemicals Group is venturing out to the dollar bond market for first time in history, opening books to a three year deal on May 5.
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South Korea’s Shinsegae Group is making a rare return to the international bond market following an eight year absence, receiving bids for a 30 year non call five bond, which comes with a direct guarantee from Kookmin Bank (KB).