News content
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Slovenia has released price guidance for a 20 year euro benchmark bond at 70bp-75bp over mid-swaps — a first in this tenor for the country.
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Bulgaria has indicated that it is considering up to three tranches with a maximum maturity of 20 years for its long awaited euro-denominated bond.
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The European Central Bank’s limited options in hitting the targets of its public sector purchase programme could be made easier as a new agency nears a debut deal.
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Two companies have enlarged their planned initial public offerings, as demand continues to pour in for the European listings deemed most attractive.
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There was excitement in the euro market for CEEMEA borrowers as Emirates NBD printed a breakthrough deal in the currency for Middle East banks.
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After weeks of absorbing a deluge of corporate bonds, the European market began to feel softer at the end of last week, a sign perhaps that it needs time to digest the issuance.
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Fuyao Glass Industry Group Co saw investors pile into its HK$7.39bn ($951.67m) IPO as books opened on Wednesday March 18, with demand from cornerstones and anchor investors alone already taking the trade into oversubscription.
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Inox Wind has opened books for its Rp10.40bn ($166m) Indian IPO, with a large number of anchor orders already in the deal. The first sizeable listing from the country this year, the trade is set to heat up India's ECM market as investors vie for renewable energy names.
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Guolian Securities Co has filed to list in Hong Kong, taking the tally of Chinese brokerages eyeing H-share IPOs in the first half of the year to three.
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India’s Adlabs Entertainment has finally wrapped up its extended IPO, raising Rp3.70bn ($59m) by pricing its shares at the bottom of the revised range. Concerns over an expensive valuation, combined with a volatile period for Asian markets during bookbuilding meant investors were quick to lose their appetite for the company’s stock.
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The development of free trade zones is picking up pace with the Guangdong pilot area expected to open for business as early as March 18 and at least two more to follow soon. The launches come as new measures regulating offshore funding for entities in the Shanghai FTZ are being tested out.
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Mexican cement company Cemex told investors on Tuesday that it would continue to look for opportunities to reduce its debt and cut its interest rate burden as it attempts to get closer to an investment grade rating.