News content
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Ireland joined the negative euro yield club at auction on Thursday, as investors paid for the privilege of lending the country €500m.
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Ukraine intends to restructure $15.3bn of its debt over the next four years, but with little detail, analysts are debating how severe the principal reduction will be.
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It’s that time of the year again when CDS market participants turn their attention to technical, rather than fundamental, factors.
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AG Hybrid Financing, an international unit of Belgium insurer Ageas, is looking to tender its sole remaining perpetual subordinated bond, while Ageas's Belgian unit AG Insurance has mandated banks to arrange investor meetings for a Solvency II compliant bond.
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Renaissance Credit has bought back $48.5m of its subordinated 2018s. The exercise enabled it to eliminate the coupon cost on almost a third of the amortising note.
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Unipol Gruppo Finanziario took advantage of low spreads on Monday night to lengthen its debt profile with a tender and exchange of two senior unsecured bonds.
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Gazprom Marketing & Trading, the London-headquartered unit of Russian gas company Gazprom, is talking to banks about financing, as a revolving credit facility approaches maturity.
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Swiss toilet maker Geberit issued a €500m six year bond on Thursday, as part of the long term funding of its Skr1.29bn (Sfr1.21bn) acquisition of Finland’s Sanitec.
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Belgian insurer Ethias, whose existing €250m subordinated bonds have plunged in price since February on news that the firm needs fresh capital to deal with its financial woes, is considering the sale of up to €500m in new perpetual subordinated debt.
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Clifford Davis, managing director institutional equity derivatives sales at BNP Paribas in New York has left the firm.
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Norway’s DNB did not inspire on its additional tier one debut on Thursday, failing to attract the same level of interest as Swedish peers achieved in recent weeks.
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Peru reopened its global dollar bonds due and Nuevo Sol 2031 notes on Thursday, a day after finishing a non-deal roadshow.