Pre-migration untagged articles
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The European Investment Bank this week proved that seven year deals can work. The book for its $1bn issue came in at over $1.3bn, when most transactions in this maturity struggle to achieve much more than two-thirds placement in their primary phase.
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Emirates Bank International this week became the second Middle Eastern bank to issue a Swiss franc bond in as many months.
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Goldman Sachs has repudiated press reports claiming that chief executive Hank Paulson had ordered the bank's executives to stop using Goldman Sachs equity to back hostile takeover bids.
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High yield bonds will dominate the European corporate credit market next week, with three big deals in the offing.
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Russian state-owned oil company Rosneft, which is set to float for $15bn-$20bn in the autumn, has been set the Herculean task of raising as much as $6bn of the money in the domestic market.
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UK insurer Royal & SunAlliance announced this week it was intending to exchange its 8.95% $500m subordinated notes due October 25, 2029 for a new fixed rate sterling innovative tier one transaction.
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What was your reaction when you read about the insider trading scandal involving Goldman Sachs and Merrill Lynch employees?
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Underwriters and investors were left as confused as ever about the National Association of Insurance Commissioner's thought processes this week, when the US insurance regulator held a conference call to clarify the methodology behind its decision to rate certain hybrid securities called Ecaps as equivalent to common equity.
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The jumbo covered bond market came to a standstill this week, and although Bradford & Bingley will launch its deal next week, the pipeline beyond that remains thin.
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Range accrual notes that pay a return based on the closing price of the iTraxx Europe Index are gathering pace, said a CDS strategist at Deutsche Bank this week.
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Sumitomo Mitsui Banking Corp and UBS have reverse flexed the pricing on the £1.82bn loan for Nippon Sheet Glass from 125bp over Libor to 100bp — only the third time this has been done in the European investment grade loan market.