UBS
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Takeaway.com, the Dutch online food ordering company, hit the market on Thursday night with its pre-announced sale of new shares and convertible bonds to fund its €930m acquisition of Delivery Hero’s German operations. Both tranches of the trade attractive significant demand.
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Country Garden Holdings (CoGard) raised $1bn from a two-part deal, hitting its size goal and finding the money it needs to refinance some of its maturing debt.
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China-based Maoyan Entertainment, best known for its online movie ticketing platform, kicked off bookbuilding on Friday for a HK$2.7bn ($344.2m) IPO.
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Given the uncertainty created by Tuesday’s Brexit vote, the issuance frontloaded into the Swiss franc market at the start of the week was dominated by domestic borrowers.
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The new-look Fox Corp made its dollar bond debut this week as the technical backdrop in the investment grade continued to improve with tightening spreads and thinner new issue concessions.
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Diego De Giorgi has left his post as global head of investment banking at Bank of America Merrill Lynch, less than four months after his boss and close ally Christian Meissner was ousted as head of corporate and investment banking (CIB) at the US bank.
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Maintaining confidence in the system relies on trust that leaders — those selected for their competence and character to set the course for the rest of us — are well informed, able to communicate with others at their level and take decisions that serve the interests of those they lead.
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The Philippines’ equity capital market came to life this week with two back-to-back overnight transactions, with Puregold Price Club and Ayala Corp in the limelight.
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Indonesia’s Alam Sutera Realty nabbed $175m from investors on Tuesday, as it attempted to beat the clock on its impending maturities.
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Japan’s Mitsubishi Corp has bagged Ps11.7bn ($244.35m) from a much sought-after sell-down of shares in Philippine conglomerate Ayala Corp, according to a source close to the deal.
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Santander has said it would not be hiring Andrea Orcel as group chief executive after all, because the cost of buying him out of previous compensation awarded at UBS would be too high. But sources close to and away from the situation said that the Spanish bank under Orcel would have also looked to poach other senior UBS employees, potentially sending the buy-out bill spiralling.
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Gefco, the French logistics company owned by Russian Railways, has kicked off pre-deal investor education (PDIE) for its flotation on Euronext Paris, reopening the IPO market in Europe in 2019.