News content
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A receptive euro senior market allowed Arion Banki a successful second attempt at a trade this week, while Abbey National and Bank of Ireland were also able to achieve winning prints.
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Survitec, the UK survival equipment provider, allocated its £250m acquisition loan late last Friday (February 27), reverse flexing to more borrower-friendly terms for the second time.
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Ghana National Cocoa Board is back in the loan market for its annual pre-export finance facility and has requested proposals from banks.
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Berkshire Hathaway, the investment company controlled by Warren Buffett, became the latest US company to come to the euro bond market when it priced a €3bn three tranche deal on Thursday.
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Nord/LB attracted a large and well diversified book for its inaugural benchmark sized €500m no grow five year public sector Lettre de Gage on Monday.
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Bank Dhofar has received regulatory and shareholder approval for what would be the first tier one deal from an Omani issuer. Two banks have been mandated for the sale.
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Dutch issuer Van Lanschot Bankiers has become the third issuer to set up a conditional pass through (CPT) mortgage covered bond programme, joining NIBC Bank and UniCredit. Pending successful registration with the Dutch central bank, a deal should be coming soon.
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The list of agency borrowers included in the European Central Bank’s new bond buying programme has led to warnings of price distortions.
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The Islamic Development Bank (IsDB) sailed through execution on a $1bn five year sukuk this week. Supply is on track to break the 2014 record for international benchmark sukuk in a single year.
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Abu Dhabi Commerical Bank printed its $750m bond on Tuesday with only a 2bp new issue premium, crunching even tighter than the other aggressively priced United Arab Emirates bank bonds this year.
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Emirates NBD has mandated six banks for a European roadshow starting next week, bringing hope that the bank will print a breakthrough euro trade.
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Croatia's €1.5bn 10 year bond drew praise for a tight result, but also criticism for having released initial price guidance too wide.