News content
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European investors showed up in force on Thursday for KfW’s debut green Kangaroo, which is also the largest green print ever in Australian dollars.
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Gategroup, the Swiss airline services provider, has signed a €240m revolving credit facility that it will use to replace an older revolver and partially redeem a bond.
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German automotive supplier Schaeffler AG on Thursday announced a €1.5bn-equivalent dual currency three tranche bond issue, designed to opportunistically refinance high coupon debt.
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Saudi Arabian Oil Co (Aramco) has completed a $10bn multi-tranche revolving credit facility at tight pricing, which will back its expansion into new markets.
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Holders of Emirates Airlines’ new 10 year sukuk are hoping the UK guarantee insulates the bond from regional volatility, after Saudi Arabia launched air strikes in Yemen this week.
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AG Insurance, the Belgian unit of insurer Ageas, hit the market for a small subordinated print on Thursday, printing a new 32 year non-call 12 just ahead of another Ageas subsidiary closing a tender for outstanding perpetual bonds.
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The National Bank of Egypt has sent out an RFP for a Eurobond, according to bankers.
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The additional tier one market took on another entrant on Thursday with the launch of Standard Chartered’s debut, which brought in a book size reminiscent of the halcyon days of the asset class in late 2013 and early 2014.
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Jordanian pharma company Hikma Pharmaceuticals is meeting investors for its inaugural bond, and the first senior unsecured bond from Jordan since 2010.
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Malaysian developer MCT Consortium has seen a strong take-up for its MR594.75m ($160.31m) IPO, which helped it obtain a covered book on the first day of bookbuilding.
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As Nigeria head to the polls for tightly contested elections on Saturday, loans bankers said that a smooth conclusion should open the deal floodgates.
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Turkish state-owned agricultural bank Ziraat Bankasi looks set to complete a loan early next week that will be bigger than last year’s deal.