Pre-migration untagged articles
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Russian Agricultural Bank (Rosselkhozbank) completed its $700m seven year Eurobond in dazzling style this week, attracting a frenzied response from US investors. Bookrunners Deutsche Bank and JP Morgan priced the blowout deal at the tight end of lowered guidance and attracted $2.6bn of demand.
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Standard & Poor's has said it will not implement an alternative approach to rating hybrid capital securities that it floated in a report on such instruments at the end of March. While the proposal did not affect spreads and was never considered anywhere near as problematic as the National Association of Insurance Commissioners' decision in March to classify Lehman Brothers' Ecaps as common equity, market participants nevertheless welcomed the news.
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Corporate bond issuance in the European market topped Eu13bn this week as borrowers rushed to take advantage of investors' piles of cash and the lack of issuance in the last couple of months.
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Corporate bond issuance in the European market topped Eu13bn this week as borrowers rushed to take advantage of investors' piles of cash and the lack of issuance in the last couple of months.
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There was dancing in the streets of Frankfurt as Deutsche Bank once again made a mockery of European analysts' profits forecasts.
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Kenneth Leet, Bank of America's head of global investment banking (GIB) in Europe, has resigned after only a year at the bank.
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With summer fast approaching, MTN bankers have clearly decided it's time to let their hair down. Both Kaupthing Bank and EBS held parties yesterday.
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While we are on the subject of banks whose share price was once propped up mainly by the dividend yield, what is going on at Lloyds TSB?