North America
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Danaher Corp, the US healthcare technology group, issued a €850m dual tranche bond on Monday and the latest reverse Yankee issuer found strong demand for both tranches, resulting in minimal new issue concessions.
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The Commodity Futures Trading Commission (CFTC) on Wednesday said that cattle derivatives traders tied to a Memphis-based Futures Commission Merchant (FCM) “secretly” increased their positions by paying four cattle feed yards to buy and hold hundreds of futures on their behalf. -
Reckitt Benckiser racked up $16bn in orders as it printed a four tranche bond to fund its purchase of US baby food maker Mead Johnson in an otherwise subdued week for corporate issuers in the US.
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Atlas Mara, the London-listed company co-founded by Bob Diamond that invests in African financial services, announced a $200m equity capital raising on Wednesday, most of which will be taken up by Fairfax Africa Holdings Corp.
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Sharon Bowen, commissioner at the Commodity Futures Trading Commission (CFTC), on Tuesday announced she would be stepping down from her role, while communicating her frustration at the Trump administration’s failure to confirm new candidates.
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Nodal Exchange, the US energy and derivatives exchange, has introduced new power options, rolling out 12 contracts covering energy futures from seven regional US hubs.
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Danaher Corp, the US healthcare technology group, issued a €850m dual tranche bond on Monday. The latest Reverse Yankee issuer found strong demand for both tranches, resulting in minimal new issue concessions.
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As temperatures across Europe hit new highs for the year, primary issuance is also hotting up in its corporate bond market. Borrowers led the charge on Monday with three well received deals totalling five tranches.
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Amazon is using a rating-sensitive bridge facility for its $13.7bn acquisition of Whole Foods, in the US loan market’s second largest transaction of 2017.
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Brighthouse Financial became the first dollar issuer to come out of the blocks following the Federal Reserve’s decision to raise rates on June 14.
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