News content
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Two block trades have gone well tonight, as GlaxoSmithKline has sold half its 12.4% stake in Johannesburg-listed Aspen Pharmacare, while private equity funds have sold the last chunk of ISS, the Danish cleaning firm.
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Bankers this week described the Middle East loan market as “on fire” amid a run of big deals from the region and a burgeoning pipeline.
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International Bank of Azerbaijan (IBA) and AccessBank are both in the market to refinance loans they signed last year.
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Irish bank Permanent TSB intends to raise €525m of capital from investors in the first stage of its return to private ownership, and its first equity deal since failing last year’s European stress tests.
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The Republic of Peru will kick off a non-deal roadshow next week as sovereigns continue to provide the bulk of work for Latin American debt bankers.
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Panama’s new 10 year traded up on Thursday morning despite the country having issued the bond with the tightest ever coupon it had ever achieved.
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Siaci - AS Adventure - Club Med - Kongsberg - Danube Foods
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Publicis, the French advertising firm, has confirmed its completion of a $1.6bn five year loan that partially funds its acquisition of American Sapient Corp.
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Montenegro priced a €500m bond late on Thursday afternoon in London, printing its largest ever bond, though stuck with a five year tenor.
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Turkey’s first wave of 2015 financial institution loans has hit full speed, with three banks lining up and Akbank set to close its pace-setting deal.
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The European Stability Mechanism sold the first euro benchmark at a negative yield this week — but stopped short of taking an innovative approach to marketing bonds that others may still adapt.
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This week, the Futures Industry Association held its 40th Annual Boca conference in Boca Raton, Florida where senior buysiders, sellsiders, exchanges, clearing houses, lawyers and other market officials met to dicuss the trading and regulatory landscape in the derivatives markets. The GlobalCapital team reported from the event, covering all the hot topics such as regional fragmentation, central counterparty equivalence, cross-border regulation, trading and execution requirements, and more.