RBC Capital Markets
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Public sector borrowers are staying conservative in the dollar market this week, opting for short dated trades or floating rate notes. The trend is likely down to issuers having one eye on expected Federal Reserve rate increases in the US, said bankers.
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Asian Development Bank opened proceedings on two Kangaroo taps on Monday.
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Volkswagen priced the third sterling corporate bond deal in as many days on Thursday, taking total supply over £3bn this week. Aggregate order books for the week are now approaching £10bn.
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Banco Santander has launched its €7.07bn fully underwritten rights issue to support its acquisition of the failed Banco Popular Español, saying it expects to make a return on investment on the deal of 13% to 14% by 2020.
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RBC Capital Markets has recruited two managing directors into its expanding European corporate finance operation.
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Royal Bank of Canada has ramped up its business in Europe in readiness ready to take on its European rivals, writes David Rothnie.
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Marla Dukharan, group economist for the Royal Bank of Canada’s Caribbean operations, is to leave the bank on June 30 after six years, GlobalCapital understands.
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Bank Nederlandse Gemeenten has raised £150m with a tap of a March 2022 line, ahead of more supply in the currency next week, according to a BNG funding official.
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Greencoat Capital, the renewable energy investment manager, started investor education on Monday for a mid-July listing of a new Irish wind farm vehicle on the London and Dublin bourses, hoping to raise €250m.
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Cyprus, entering an otherwise quiet market, has picked banks for a seven year euro benchmark to be sold on Tuesday.
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US telecoms company AT&T returned to European markets on Wednesday with a £1bn September 2037 bond, as it followed up a €7bn multi-tranche deal it sold just a week earlier.
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