RBC Capital Markets
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Daimler’s funding radar turned swiftly from the Eurodollar market to sterling bonds this week, as it raised a £300m transaction on Thursday.
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Western Digital, the US maker of computer hard drives, has widened pricing on its $9.5bn loan package to entice reluctant lenders. The loan will back Western Digital’s $17bn acquisition of SanDisk.
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French industrial minerals producer Imerys brought two tranches of €300m sub benchmark notes to the European corporate bond market on Wednesday and clinched minimal concessions.
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A postponed deal as issuers clashed in the SSA market left a blemish on a strong week for the improving public sector dollar bond market. But such occurrences may well become the norm as issuers crowd in to narrow windows, writes Craig McGlashan.
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Landesbank Hessen-Thüringen Girozentrale (Helaba) and WL Bank met contrasting outcomes for their euro denominated German Pfandbriefe issued this week.
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The UK Debt Management Office is reshuffling its funding strategy for the 2016-17 financial year, including adding the possibility of selling short to medium term conventional Gilts via syndication — although some investors would prefer a reduction in the UK’s use of syndications.
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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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Moody’s has released figures reflecting just how poorly leveraged finance in Europe fared in February, with loan issuance falling 70% from January's high.
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Caisse d'Amortissement de la Dette Sociale found strong demand at the five year part of the dollar curve on Tuesday, as L-Bank delayed a deal in the same currency and tenor.
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Two UK funds have acquired a stake in one of the largest onshore wind farms in the country, Clyde Wind Farm. There is a healthy pipeline of utilities M&A according to one investor, which would be a boost for infrastructure loans.
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L-Bank is set to print a five year dollar benchmark as investors eagerly await the outcome of this week’s Federal Open Market Committee (FOMC) meeting.
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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.