Nomura
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Unédic and the European Stability Mechanism are set to price euro deals this week, taking advantage of a window before the start of the Easter holidays later this week.
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GlobalCapital announces the results of its Equity Capital Markets Awards for 2015, following our inaugural ECM Awards Dinner, in London on March 16.
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South Korea’s Kia Motors Corp is finally looking to make a comeback to the dollar bond market after an absence of five years and has mandated banks to prepare a proposed 144A outing.
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Bridon Bekaert has allocated its €250m acquisition loan at the early bird stage, with no further syndication required.
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Bank Nederlandse Gemeenten brought a 10 year dollar benchmark this week that sparked much debate about whether other issuers would be able to follow in the tenor. Although with a flurry of other trades this week, it is clear that other options are available once next week’s US Federal Reserve meeting is held.
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Keihan Electric Railway Co joined on Thursday in the recent spate of Japanese convertible issues sold outside Japan. Like Fuji Machine Manufacturing Co’s deal the previous day, the bond was a debut CB issue, and will be used entirely to finance a share buyback the following day.
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Woori Bank has hired six banks to work on a dollar-denominated additional tier one (AT1) offering.
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Japanese convertible bond issuance in the European market has been quiet so far this year, but kicked on sharply on Monday when Suzuki Motor Corp launched a ¥200bn ($1.75bn) deal that one banker said was the largest since 2011.
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There was a double breakthrough in dollars for public sector borrowers on Tuesday, as Bank Nederlandse Gemeenten reopened the 10 year part of the curve for core issuers for the first time in seven months and Sweden priced the tightest three year benchmark since the first week of the year.
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Bank Nederlandse Gemeenten is this week set to be only the second issuer in 2016 to attempt a 10 year dollar benchmark, while a trio of other SSAs are also entering a dollar market bouncing from strong US jobs data on March 4.
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Nomura’s head of investment banking for Asia ex-Japan is retiring from the bank, one of a number of senior staff who are set to leave the firm, according to internal memos seen by GlobalCapital Asia.
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Mauser, the German industrial packaging producer, has priced its €100m incremental term loan in line with guidance.