News content
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Azerbaijan’s AccessBank will complete its syndicated loan “within days”, say bankers on the deal, while peer International Bank of Azerbaijan will likely increase its target size.
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International Personal Finance, the UK company that makes small personal loans in emerging markets, has announced today a brief roadshow for a tap of its euro bond, after last week pulling a sterling retail bond that failed to attract enough interest.
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Lloyds opened the senior FIG market for the week on Monday, drawing a diminished order book for a five year compared to its most recent senior prints.
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Singaporean property company UOL Group has raised S$175m ($127.7m) from a three year note, an issue following a three year absence from the market. And there are further signs Singapore dollar bonds are picking up with Indonesia's Medco Energi mandating three banks for a new issue.
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UniCredit has asked holders of nearly €2.3bn of subordinated lower tier two notes to tender their bonds for repurchase at prices well above par.
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Commerzbank has tapped a three year senior bond priced last month some 10bp inside the original deal, showing a divergence in investor appetite for German financials exposure.
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Omani lender Alizz Islamic Bank has opened its sixth branch in Al Wattayaya, furthering its expansion in the country.
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Surprisingly weak Chinese trade data has triggered receiving in 5-10 year CNY NDIRS while an uptick in the USD/CNY fix has backed a short-end swap bid. The curve has flattened accordingly. Meanwhile, China has signed a swap deal with South Africa, writes Deirdre Yeung of Total Derivatives.
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US dollar strength, geopolitical tension and a lower oil price have caused volatility in the global financial markets in the last few months, but substantial fiscal surpluses in the Gulf and a broader range of sukuk available to investors has helped stability in the sukuk market, said Jason Kabel, head of fixed income at Bank of London and The Middle East (BLME) in his sukuk outlook 2015 analysis published on Monday.
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Great Eastern Holdings is looking to shed some of its stake in New China Life Insurance, launching a block trade after markets closed on April 13 which will net it between HK$4.29bn and HK$4.40bn ($554m-$568m).
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Indian Railway Finance Corp (IRFC) could issue up to $1bn of offshore bonds this year having received board approval to do so last week, according to a treasury official.
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The Pakistan government’s divestment programme for the year has started on an amazing footing, with the country completely exiting Habib Bank via a sale that added a whopping Prp102.3bn ($1bn) to its coffers.