Nomura
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The four banks under investigation by the US Department of Justice and other authorities for manipulation of SSA trading have made little, if any, mention of the risks of the probe in their reporting and regulatory filings.
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The public sector dollar market is showing a few signs of life this week as KfW and the European Bank for Reconstruction and Development picked banks for benchmarks, while the Bank of England launched its annual foray in the currency.
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Bpifrance Financement became this week’s third French public sector issuer on Thursday, scoring €500m with a tap.
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South Korea’s Lotte Chemical Corp has netted W215.0bn ($187.9m) after pricing a block sale of treasury shares near the middle of guidance, according to a term sheet seen by GlobalCapital Asia.
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Lotte Chemical Corp is looking to raise up to W223.7bn ($195.0m) through the sale of a block of treasury shares, according to a banker familiar with the matter.
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Nomura has hired two bankers into its investment banking division, a new head of investment banking for Italy and a FIG coverage banker.
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Nationwide Building Society this week issued its first euro benchmark covered bond since the UK’s referendum on leaving Europe and managed to find funding that was two years longer and half the spread of its last deal in February 2016. But it was unable to issue a 15 year.
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Reliance Infrastructure has begun gauging investor appetite for a potential Rp30bn ($448.1m) IPO of its infrastructure investment trust, according to a banker familiar with the matter.
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Fewer investors than is normal bought Stadshypotek’s seven year covered bond on Tuesday. However, although the deal had virtually no new issue concession, it was nevertheless well subscribed.
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Nomura has appointed two to its emerging markets sales team as it attempts to grow its business.
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Indian telecom hardware company Tejas Networks is just a few steps away from its IPO, having filed a draft prospectus with the market regulator more than eight years after first proposing the idea of going public.
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