Spain
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Caja Rural Navarra has mandated leads to roadshow an environmental and social governance (ESG) Cédulas Hipotecarias with an intermediate maturity. -
French private care home operator DomusVi on Monday joined a busy high yield pipeline with a new floater and an add-on to its debut bond to fund its second acquisition in Spain.
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Banco Santander’s largest markets slapped the bank’s results for the last three quarters, with new and old troubles ranging from the recent UK’s referendum to Spain’s property bubble.
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Spain’s real estate investment trust Merlin Properties on Tuesday sold its second issue in a market where most eyes turned to Danone’s €6.2bn jumbo deal.
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Banco de Crédito Social Cooperativo had a tricky entry into the bank capital market on Tuesday, but the small Spanish lender managed to walk away with its first ever tier two deal.
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Spain has lopped €5bn off its 2016 funding programme and has applied to make a fourth early repayment of part of its loan from the European Stability Mechanism (ESM).
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Barcelona-based real estate company Inmobiliaria Colonial on Friday sold its new eight year bond to repay the four year tranche of its debut bond maturing in 2019.
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Portugal’s bond yields fell to levels last seen in early September, as investor worries eased over a vital ratings review of the sovereign by DBRS this Friday.
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Officials from Madrid this week sent the clearest message yet from a European Union country that the race to grab portions of London’s financial empire has begun.
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Spain has auctioned 50 year debt for the first time, wiping more than 80bp from its cost of funds compared with when it first syndicated the paper nearly six months ago.
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Euro issuance this week is very much focused on long dated bonds, with Bank Nederlandse Gemeenten printing a 20 year syndication on Monday and other European agencies and sovereigns looking to tap the long end of the curve via auctions.
