Spain
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Sub-sovereign issuers found support in an undersupplied market
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Puig's trading debut on Friday somewhat muted compared to recent IPOs of CVC and Galderma
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The base deal size will be €2.6bn after the IPO was priced at the top of the range
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After CVC's successful IPO last week, Spain's Puig has taken this week's spotlight
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Investors snap up low rated IG companies, but demand double digit concessions
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New FIG coverage chief for Spain and Portugal to build Natixis Iberia business
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Anchor orders and hedge funds pile in to support the largest European IPO so far this year
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Owner of Charlotte Tilbury, Paco Rabanne and Carolina Herrera is set to begin bookbuilding on Friday for the largest flotation in Europe this year
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Prisa’s bonds mandatorily convertible into shares were fully subscribed
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Puig plans to raise €1.25bn of primary capital alongside a larger secondary raise
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Investors flush with cash and happy to chase trades through fair value
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Transmission operators and travel companies prepare euro deals