News content
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Turkish participation lender Kuveyt Türk will open Germany’s first wholly Sharia-compliant bank in July, and plans to expand into other European countries, the bank’s managing director told IFIS.
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Emirates Airlines is planning on landing its UK Export Finance backed sukuk on Wednesday, and has set a pricing range for the groundbreaking deal.
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Eurex will launch options on Euro-Bund futures with weekly expiries in April, which will allow investors to gain short term exposure to interest rate moves and event-driven activity, experts say.
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Hoist Finance, the Swedish firm specialised in buying and managing unsecured non-performing consumer loans, is today closing the book of its Stockholm IPO.
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Two equity block trades are in the market tonight, both in supermarket groups: Russia’s Lenta and France’s Carrefour.
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Aabar Investments, the investment arm of Abu Dhabi’s International Petroleum Investment Corp, is this evening bookbuilding a bond of €1.5bn to €2bn, exchangeable into shares of UniCredit.
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Shawbrook, the UK challenger bank, today launched the bookbuilding phase of its initial public offering, as the firm looks to raise at least £180m on the London Stock Exchange.
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French water and waste management company Suez Environnement has refinanced its hybrid bond, due to be called in September, with a new €500m non-call seven year hybrid.
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Deutsche Annington (DAIG), the German housing company, has issued a €500m five year and a €500m 10 year bond.
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Esterline Technologies Corp on Monday announced it would offer €330m of senior unsecured bonds, the fifth high yield issue in euros from a US company in March.
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Sterling is an enticing proposition for SSAs this week thanks to an attractive basis swap into euros and smaller execution risk than the single currency — and one issuer is taking advantage.
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The SSA market is set to welcome a new name this week, after a French agency hit screens with initial price thoughts for a debut benchmark.