RBC Capital Markets
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French oil company Total priced a £300m six year bond on Tuesday, paying a small new issue premium, according to bankers. The deal follows a spate of recent deals in the currency from Walgreen, Ford and Intu Properties. -
On Friday Nestlé extended by a year €5bn five year revolving credit facility it had signed in October 2013. The Swiss foods producer also replaced a €5bn-equivalent short term facility with a new facility of €6bn.
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Corporacion Andina de Fomento (CAF) extended its Swiss franc curve to January 2028 on Wednesday in the longest deal in the currency by a non-Swiss borrower since April 2013.
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KfW took advantage of moves in the Australian dollar/euro basis swap to tap a January 2019 Kangaroo on Wednesday. The agency also raised £150m with a tap of a December 2017 sterling line.
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The World Bank was busy in local currencies this week, printing its first deal in Mexican pesos this year and doubling the size of an 11 year Kangaroo bond.
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Affordable Housing Finance, which raises debt for lending to registered providers of affordable housing in the UK, using a UK government guarantee, has tapped its 2042 secured bonds for £183.5m — and priced arguably through its own curve.
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World Bank has been busy in local currencies this week, printing its first deal in Mexican pesos this year and doubling the size of an 11 year Kangaroo bond.
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KfW returned to the Canadian dollar market in benchmark size for the first time in more than a year on Thursday.
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KfW is set to price its first Canadian dollar deal of the year on Thursday, after mandating banks for a five year bond on Wednesday afternoon.
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High grade borrowers were thin on the ground in the US market this week as volatility roiled equities and earnings blackouts loomed large.
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UK private equity firm Apax Partners has made a €730m buyout offer for Exact Holding, the Dutch accounting software company.
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Buoyed by progress in US corporate finance where it has become a top ten player for the first time, RBC is building its European business as well, writes David Rothnie
