Société Générale
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China Hongqiao Group is in the market for a $700m three year refinancing that launched on May 16, via seven bookrunners. The loan offers fees that encourage lenders on a 2015 loan to up their exposure to the company.
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China Development Bank (CDB) has raised $1.67bn equivalent from a dual-currency, triple-tranche offering, receiving strong support from Chinese banks and offshore investors.
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The former head of structured finance, commercial real estate and corporate advisory at Hang Seng Bank has resurfaced at First Gulf Bank.
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GlobalCapital presents its annual Emerging Market Bond Awards 2016. These awards are determined entirely by a poll of market participants, and celebrate the outstanding issuers, funding officials, investment banks, bankers and rating agencies in the emerging markets between May 2015 and April 2016. Congratulations to the winners and nominees.
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The IPOs of Philips Lighting and Maisons du Monde both reached successful conclusions on Thursday. Their books built gradually, which a banker said boded well for them to trade solidly when they are listed, unlike some recent soggy performers like Telepizza.
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Société Générale has named a new head of DCM financial origination, a replacement for Sébastien Domanico, who left the firm in April.
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Fnac held the bank meeting for its €1.35bn acquisition loan last week and aims to wrap up the deal by early June, according to a banker on the deal.
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Qatar National Bank will increase its loan from €1.5bn to €2.25bn, according to a banker close to the deal and top tickets receive all-in pricing of 126.7bp, according to a second banker.
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China Development Bank has opened books for a dual-currency, triple-tranche offering, four months after the policy bank raised around $2bn from a similarly structured trade.
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Monday's three primary deals underperformed in the secondary market, causing deal flow to strike a lighter tone on Tuesday, with two corporates issuing modestly sized offerings.
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Equity and currency derivatives markets were ill-prepared for any major policy changes coming out of the G7 meeting this week, with prices reflecting low expectations of volatility. But even as the first day's session on Thursday passed without shocks, there was a growing sense that Friday could bring a bigger showdown.
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China Development Bank has mandated leads to work on a dual-currency offering, while the Republic of Indonesia is set for a roadshow ahead of new euro-denominated notes.