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Pharmaceuticals and energy transition also ripe sectors for M&A
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
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India’s Power Finance Corp has invited banks to bid for a new five year financing, in its second visit to the syndicated loan market in 2018.
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The head of BNP Paribas’ EMEA unrated debt capital markets team has left the bank.
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The US private placement market (US PP) processed two sterling transactions last week, when TSB was forced to pull its prospective covered bond and VW had to pay elevated new issue concessions to access the sterling bond market. US PP agents believe this once again demonstrates the US PP market’s comparative stability against public markets.
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UniCredit will likely become the first commercial bank to finish a year in the top two arrangers in the Schuldschein market. As the market internationalises, many believe commercial banks are well placed to challenge the Landesbanks’ grip on deal flow.
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The UK’s Keller Group has signed a £375m syndicated loan to refinance debts, as the engineering company takes “tough but necessary actions”, through a multi-million pound restructuring, to cull loss-making operations.
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The head of NatWest Markets' private placement business has left the bank.