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Munich-based company's deal is one of five launched this month
Big deal joins light supply in January
Bankers say deals are still being launched and believe international rivalry can be negotiated
Banks accept some deals will bypass them — others they can intermediate
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Dechra Pharmaceuticals, the UK veterinary pharmaceuticals company, has entered the US private placement (US PP) market, according to sources, in a debut set to test institutional appetite for the sector.
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Indonesian power company Perusahaan Listrik Negara has closed its $1bn five year loan, attracting eight participants during syndication. -
Triple Point Social Housing REIT has almost doubled the size of its sterling revolving credit facility, as UK housing firms continue to shore up funding during Brexit uncertainty.
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Emre Eler is joining Citi, after nearly two decades at JP Morgan.
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Austrian cellulose fibre maker Lenzing has entered the Schuldschein market with margins tied to its sustainability performance.
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Secondary prices for investment grade loans have come in by around 10bp at short tenors and roughly 15bp further along the maturity curve in the last month, according to IHS Markit.
