News content
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Deutsche Bank aims to trim the retail side of its business by shedding Postbank, the German institution it acquired in 2010, in an IPO that some market participants view as confirmation that the original purchase was wrong-headed.
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Crown European Holdings was back in the euro high yield market on Monday with a €600m deal that will be used to repay its US parent company’s term loan ‘B’.
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Online travel booking group Expedia has mandated three banks for a roadshow for its first euro bond, having previously issued only in dollars.
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Mahle, the Stuttgart-based car and lorry parts maker, has hired five banks for a three day bond roadshow starting on May 4, after its annual results are released.
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Madrid has printed €10m of six year paper as Spanish investors line up for a piece of short term private debt from the regional government.
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The State of North-Rhine Westphalia hired banks on Monday to sell a dollar deal, during what SSA bankers expect to be a quiet week for issuance.
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English rugby club Wasps aims to raise £25m-£35m by selling a 6.5% retail bond secured on the Ricoh Arena stadium in Coventry it bought last year.
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Italy could sell debt at a negative yield during a bill auction on Tuesday — a day after it sold two year paper at a euro-era low.
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Cyprus could be about to make a serious statement that it has decoupled from its troubled peer Greece after it mandated banks to sell a euro benchmark.
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Vossloh, the German rail technology company, has signed a €500m three year loan with 11 banks, part of which will be used to repay a bridge loan it used to take out its US private placement notes.
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Cirsa, the Spanish gambling company closed a two day, London-only roadshow on Tuesday, which was for a €500m bond priced at 6% that will be used to repay some of its notes due in 2018.
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Delachaux, the CVC-owned French industrial company, has set out the conditions for the repricing of a €690m-equivalent loan that it launched under different market conditions in September.