News content
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Competing markets and jurisdictions between China and Hong Kong pose regulatory uncertainty and liabilities as derivatives market participants transact on the Hong Kong-Shanghai Stock Connect, according to panellists at the Futures Industry Expo Conference in Boca Raton, Florida.
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Despite a very strong day for European stocks, with the Euro Stoxx 50 up 2.3%, no equity accelerated bookbuilds have been conducted tonight. The three deals yesterday all appeared to go well.
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The starting gun has been fired for the long-awaited quasi-IPO of Finansbank. The National Bank of Greece, which owns almost all the Turkish bank, will sell some of its shares, though the $1bn deal will consist mainly of new capital.
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GlobalCapital caught up with Nigel Houghton of the Loan Market Association to discuss the real depth of Europe’s secondary loan market and leveraged loans’ competitive advantage over high yield.
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The Oslo Stock Exchange is set to host a rare biotech IPO. Nordic Nanovector, a Norwegian company that is developing antibody-radio conjugates, is seeking to raise Nkr400m ($50m) of new capital.
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The Housing Finance Corp has raised £194m, which it will lend to 12 UK housing associations, with a second tap of its 2042 bond, guaranteed by the UK government.
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Nordic Investment Bank on Wednesday hired four banks to run a three year dollar syndication, as Canada was wrapping up a three year that attracted strong demand despite coming at a single digit spread to US Treasuries.
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The lonely path that Greece is wandering away from the rest of the eurozone periphery was in sharp focus at a pair of bill auctions on Wednesday.
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Asian Development Bank has mandated banks for its debut green bond, set to be priced on Thursday, while World Bank opened subscriptions for a green index linker.
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Outdoor clothing retailer AS Adventure has booked a Friday bank meeting for its €245m acquisition loan, with price talk reflecting investors’ wariness of retail borrowers.
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Intermediate Capital Group, the UK mezzanine and leveraged finance asset manager, has raised £160m with its third UK retail bond, a 5% eight year deal.
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French insurance broker Siaci Saint Honore launched its €285m acquisition loan this morning (Wednesday) and will guide pricing at a Monday bank meeting.