News content
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Eurozone sovereigns have taken full advantage of plunging long term yields during the first week of eurozone quantitative easing by tearing down their borrowing costs at auction on Thursday.
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A juicy spread over swaps allowed Banca Popolare di Vicenza to draw plenty of attention on Thursday for its second senior syndication of 2015.
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Renaissance Credit is offering to buy back its subordinated 2018s in a bid to eliminate coupon costs on the amortising note.
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The State Oil Company of the Azerbaijan Republic (Socar) printed a $750m bond on Wednesday, a lower size than the market was expecting.
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Emirates the airline has made public its mandate for the first sukuk guaranteed by the UK’s Export Credit Guarantee Department.
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Danube Foods Group will hold a meeting with banks on Tuesday next week for a €375m loan backing its buyout by Mid Europa Partners.
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DBS is on course to become the first covered bond issuer from Singapore, having proposed a unique structure that will overcome the sticky issue of who has first claim on the asset pool. An agreement is close to being struck and the Singaporean lender is looking then to issue a benchmark size offering in either dollars or euros, writes Rev Hui.
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Montenegro is offering an appropriate 25bp premium at price talk for its new five year Eurobond, according to bankers.
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South Korea has taken a big step towards opening up its equity capital markets, tweaking its listing guidelines to woo domestic and international issuers to its exchange. Bankers are lauding the changes, but the fact that the stock market has also added financial criteria could present an obstacle to growth, writes Rashmi Kumar.
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Shanghai-listed Fuyao Glass started premarketing its $900m IPO in Hong Kong on Tuesday, March 10, with bankers touting its size and scale as one of the world’s largest manufacturers of automotive glass.
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Indonesia Eximbank has zeroed in on seven banks to lead its latest $750m dual trancher. The lenders are targeting March 16 to launch the transaction into general syndication.
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Huawei Technologies has approached banks for a borrowing of between $1bn-$2bn, according to bankers.