Spain
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BBVA has launched the first euro denominated AT1 bond since February’s sell-off, pricing the bond through its outstanding notes' yield to call, and fueling hopes the primary market is fully open once more. -
Instituto de Crédito Oficial printed a no-grow €500m September 2018 social bond on Tuesday, with bankers noting that the bond’s high yields might have been just as appealing as its high morals.
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Parque Reunidos, the leisure parks operator, on Monday announced what it hopes will be the largest Spanish IPO for over a year, in a bid to reduce debt and begin to make an exit for private equity owner Arle Capital.
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The Spanish engineering and green energy firm Abengoa is set to file for Chapter 11 bankruptcy for its US affiliates, after 75% of its lenders signed a standstill agreement.
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One of Abengoa's subsidiaries has signed a liquidity facility with a group of investment funds.
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Eurozone periphery sovereigns are stamping down their borrowing costs at auctions amid a wave of dovish central bank actions — but one sub-sovereign in the region stands alone in suffering a sharp rise in its yields.
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Spain borrowed three year cash at a record low yield on Thursday, as eurozone government bonds basked in a second consecutive week of dovish central bank comments.
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After disclosing on Wednesday details on its €9.3bn debt restructuring, the renewable energy multinational, Abengoa told GlobalCapital it may push to extend the length of its three month pre-insolvency proceedings.
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Italy will bring the next line of its domestic inflation linked BTP Italia product in three weeks, sticking with a similar process to its last issue.
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Santander brought peripheral bank capital back to the FIG market on Tuesday, as the recent rally showed little sign of wearing off following last week’s European Central Bank meeting.
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The government of Catalonia is confident that it will soon be able to complete a plan to convert some of its debt from short term to long term, a delay in which led Moody’s to place the region’s Ba2 rating on review for downgrade last week.
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