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  • Banque Misr has mandated Bank of Tokyo-Mitsubishi, Citigroup and Standard Chartered to arrange its $150m facility. The deal will be launched early next week.
  • Rating: Aaa/AA+/AAA
  • The equity new issues market in Japan has doggedly outperformed the other leading bourses of the world in recent years. Aside from the jumbo regulatory capital bank issues early this year, the IPO market has produced several landmark issues from world class companies. And with the Japanese stock market now rallying and the economy showing signs of life, the long overdue flood of cross-holding disposals, recapitalisation and privatisation issues will surely follow.
  • Japanese companies have not fully participated in the global equity-linked issuance festival this year. But recent months have seen share prices surge, bond yields escalate and the economic outlook improve. There is a also a busy redemption schedule of numerous outstanding issues. EuroWeek asks if all this could be the catalyst for the long-awaited CB issuance bonanza?
  • Compiled by Annie Seelaus,
  • Rating: Aaa/AAA/AAA
  • Bond issuance by financial borrowers was concentrated in sterling this week, but spreads weakened as investors absorbed heavy supply and a juicy pipeline that distracted their attention.
  • The Eu2.5bn debt facility for a new nuclear power plant for Finnish electricity company TVO will consist of a five year and a seven year tranche.
  • Bond investors and traders breathed a sigh of relief this week as Standard & Poor's downgraded Ford a notch to BBB- but crucially, assigned a stable outlook.
  • Bond investors and traders breathed a sigh of relief this week as Standard & Poor's downgraded Ford a notch to BBB- but crucially, assigned a stable outlook.
  • Ford won a reprieve this week when Standard & Poor's assigned a stable outlook to the auto company's rating after a downgrade to BBB-.