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Besides Anheuser-Busch InBev’s €3bn blockbuster, two other deals came to the European corporate bond market on Monday, for Grand City Properties and FCA Bank — the new name for Fiat’s finance arm FGA Capital.
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Cinven has resumed the selldown of its stake in Spire Healthcare, the UK private hospital company it bought in 2007 and floated in London last year.
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Anheuser-Busch InBev, the Belgian-US brewer, showed how well Europe’s corporate bond market has recovered since Easter — and the apparent change in the market’s depth in the past year — by issuing a €3bn bond on Monday that found very strong demand.
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Orange Switzerland on Thursday priced below guidance a four tranche, dual currency Sfr2bn bond that includes a Sfr150m dividend for its new owner, Xavier Niel’s fund NJJ Capital.
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Japan Finance Organisation for Municipalities is set to add to a recent splurge of seven year dollar issuance on Tuesday, after mandating banks for a RegS deal on Monday.
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Île-de-France is set to sell its second ever socially responsible bond on Tuesday, announcing a trade soon after a sustainability bond from Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO) on Monday.
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LCH.Clearnet has appointed a seasoned veteran as the new group head of technology and operations.
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Moody's, Standard & Poor's and Fitch have all put Royal Dutch Shell on negative outlook or watch for downgrade for its acquisition of BG Group, though bankers say it should not affect Shell's cost of borrowing.
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Paul Hastings, the law firm, has recruited a former partner at Ashurst to join its leveraged finance practice in London.
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Top Right, the UK information and events group, expects to allocate its £435m-equivalent refinancing loan this afternoon (Monday), with pricing at the wide end of initial guidance.
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A loan backing Danube Foods’ buy-out by Mid Europa Partners could close by next week, say bankers on the deal – but there is no hurry.
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Moy Park, the UK poultry producer, wants to tap its £200m debut high yield bond for £100m, in order to pay a dividend to its parent company, Marfrig of Brazil.