RBC Capital Markets
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Royal Bank of Canada made C$2.3bn of profits in its fourth quarter (August, September and October), an 11% increase that took its profit for the year to C$9bn. But the bank took a hit in its capital markets division, as revenues decreased 14% to C$1.49bn.
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Imerys, the French industrial minerals supplier, tapped its 2.5% November 2020 bond for €100m ($124.34) and issued a new €500m 10 year on Wednesday.
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Imerys, the French industrial minerals supplier, has mandated six banks for a tap of its 2.5% November 2020 bond and a new 10 year benchmark issue.
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LVMH Moët Hennessy Louis Vuitton took advantage of strong demand for its name among private bank buyers to make a rare corporate debut in Australian dollars at the end of last week.
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Korea EximBank made a successful debut in Canadian dollars this week, easily topping its target size.
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Onex, the Canadian private equity firm, has acquired SIG Combibloc, the Swiss drinks carton maker, for €3.75bn and confirmed 10 banks that will arrange the leveraged buyout.
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Korea Eximbank was able to raise well over its minimum target amount on Tuesday with its inaugural bond in Canadian dollars, a currency that the issuer had been eager to print in for a long time.
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Onex, the Canadian private equity firm, has acquired SIG Combibloc, the Swiss drinks carton maker, for €3.75bn and confirmed 10 banks that will arrange the leveraged buyout.
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The Bailiwick of Guernsey could follow Jersey in debuting in the bond market this year, after mandating banks on Monday afternoon to run a series of investor meetings.
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Thursday was a busy day for European investment grade corporate bonds, with €4.9bn issued in euros and sterling. But with a great deal of diversity of issuers, maturities and currencies, the market had more appetite for some than for others.
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A short window of issuance is open for borrowers with dollar benchmarks to do ahead of the Thanksgiving holiday next week that heralds the traditional close of the market.
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High-grade issuers swamped the dollar market in the early part of the week trying to get in before Alibaba’s debut $8bn offering on Thursday while expecting a deluge of M&A related financings.