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Dubai’s Noor Bank has mandated eight banks to arrange its debut benchmark dollar sukuk and has set roadshow dates.
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Investors are hoping that FirstRand, the South African bank, will be offering more generous terms for the relaunch of a Reg S senior unsecured dollar bond, having pulled the deal in November 2014.
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The Hong Kong ECM market is on fire, with block deals notching up impressive volumes of $2.1bn in just the first half of April. Opportunistic sell-downs have been made in droves with banks desperately scouring the market for more transactions, as they face sellers taking different approaches to the stock rally, writes Rashmi Kumar.
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Private equity firm Carlyle has raised HK$3.29bn ($424m) by selling all of its shares in Haier Electronics Group, through a block deal that materialised after bankers spent nearly two weeks wooing the seller.
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Two Italian banks are eyeing the tier two FIG bond market, with Banco Popolare set to hit the road and follow a 10 year bullet print from Intesa Sanpaolo on Thursday.
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Achmea Bank struggled to drum up interest for a euro print on Thursday, with syndicate bankers away from the deal blaming a limited premium and fears over Greece.
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Rolta India had a day to forget on April 16 as both its bonds and stock crashed in the secondary market after short seller Glaucus Research argued that the company would not have enough cash flow to repay debt, a claim that Rolta quickly dismissed as baseless.
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Investors are hoping that FirstRand, the South African bank, will be offering more generous terms for the relaunch of a Reg S senior unsecured dollar bond, having pulled the deal in November 2014.
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Moroccan fertilizer company OCP on Wednesday priced its second ever international bond deal just a few basis points back of its extrapolated curve, investors said.
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State Export-Import Bank of Ukraine (Ukreximbank) has declared it will not ask for haircuts or smaller coupons on its Eurobonds, making an agreement on an interim maturity extension more likely, analysts said.
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Malaysia has cemented its return to the dollar debt market with a $1.5bn wakala that had investors scrambling for more. The country’s novelty value blew away any concerns surrounding its fiscal health and it managed to raise funds in style, with the inclusion of a new class of intangible asset in the asset pool — a first for a sovereign.
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Royal Bank of Scotland will complete the sale of its Kazakhstan subsidiary, RBSK, this quarter and further cut its Middle East loan portfolio, amid a re-focus on core markets.