UBS
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Australia and New Zealand Bank has mandated leads for a European roadshow with a view to issuing a euro denominated covered bond or a senior unsecured benchmark, or both. DG Hyp has mandated leads for a long eight year Pfandbrief.
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In a troubled new issue market strewn with casualties, the $1.8bn-plus IPO of ConvaTec, the UK medical supplies maker, got covered at its base size on Tuesday, while Misys, the London-based banking software producer, opened the books for its £650m-£750m IPO with a lower free float than initially planned.
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Philippine lender BDO Unibank issued its first dollar bond in four years on Monday, amid a busy day of primary issuance in Asia ex-Japan.
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Alfa-Bank is marketing the first ever fully Basel III compliant additional tier one (AT1) trade from Russia and will begin investor meetings on Monday.
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Food and drinks giant Nestlé has signed €10.5bn of loans to refinance five and one year deals. The company refinanced to secure a similar group of banks in both deals, according to one banker.
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The IPO of Ahlsell, the Nordic distributor of plumbing and electrical products, got covered at its maximum size within 24 hours of the launch of its bookbuild on Tuesday afternoon.
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Philippine lender BDO Unibank issued its first dollar bond in four years on Monday, but found itself competing for investors' attention on a busy day of primary issuance.
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Korea National Oil Corp priced a dual-tranche offering on Monday, selling a 10 year portion at a tighter spread than a five year, according to bankers.
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Keppel DC Reit Management has kicked open a rights issue worth up to S$279.5m ($201.4m), while Zhuguang Holdings Group Co has launched a HK$1.4bn ($180.4m) offering — both to fund acquisitions.
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Fullerton Healthcare Corp is working with the Singapore regulator to resolve issues around its S$213.3m ($154.7m) IPO, with the delay causing some investors to consider pulling their bids.
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German residential and commercial property company Aroundtown Property hit the investment grade corporate bond market for its debut hybrid transaction on Monday, executing the deal in a market where indices fell.
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Korea National Oil Corp is marketing its new dual-tranche offering with the same levels of initial guidance for five year and 10 year portions.