News content
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The City of Kiev is to reschedule two Eurobonds ahead of maturity. While trading levels indicate the market anticipates a haircut, analysts believe that a restructuring is unlikely.
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The State Oil Company of the Azerbaijan Republic (Socar) has released roadshow dates for its bond. Deutsche Bank and JP Morgan are leading the deal.
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Noble Group, a supplier of commodities, was expected to send out term sheets to its relationship banks for a borrowing of $3bn on March 6.
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Gazprombank, the third largest bank in Russia by assets, is considering issuing a Panda bond, GlobalRMB understands. It would be the first ever Panda bond from a financial institution if it were to emerge, but continuing sanctions against Russia could cause difficulties.
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Bankers working on the Indonesian IPO of Mitra Keluarga Karyasehat are guiding investors to the middle of the price range offered during bookbuilding, at which level the hospital operator would raise Rph4.26tr ($327.2m).
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The term loan portion of MMI International’s $580m five year borrowing opened into general syndication this week.
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As Pakistan gets closer to launching its first ever real estate investment trust (Reit), another company has submitted an application to set up a own property trust, encouraged by the demand for yield investments in the country.
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Mirae Asset Life Insurance, which was looking to list on the South Korean exchange back in 2010 but never made it to the market, has revived its plans and set its sights on an IPO at the end of June.
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China's National People’s Congress (NPC) meeting finished on Friday, at the end of a week that saw premier Li Keqiang scale back GDP growth targets, annonunce a plan to trial a Shenzhen Stock Connect link and expand the use of free trade zones.
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Lodha Developers has made its long awaited debut in the international bond market, raising $200m through a five year non-call three dollar trade on Thursday, March 5. However, not only did the Reg S deal struggle to maintain momentum during bookbuilding despite offering the highest coupon from an Indian corporate, but it also had a tough time in secondary markets.
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South Korea’s Yello Mobile, which sent out a request for proposals to banks in January for an IPO, has picked two domestic leads for its listing.