UBS
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Sam Reinhart will join UBS as head of banks and specialty finance for DCM Americas. He joins from Barclays, where he covered US regional banks, Canadian banks and insurance companies, as well as specialty finance and business development companies.
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French oil company Total returned to the Swiss franc market in style on Tuesday, quadrupling its original size ambition as investors rushed to place orders for the issuer’s first print in the currency for more than five years.
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The Swiss franc market’s summer hiatus looks to be coming to an early end with Wells Fargo set to sell its debut Swiss franc trade on Wednesday afternoon, opting for a dual tranche print. The deal adds to a recent spate of issuance, which stands in contrast to a moribund primary market in euros.
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The shares of Malaysia’s Public Bank was down 4% following the completion of the lender’s jumbo MR4.83bn ($1.5bn) one for 10 rights issue - the largest ECM trade in the country so far this year.
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The world’s fourth largest mobile service provider, Bharti Airtel, raised Rp21.4bn ($349m) on August 7 by offloading parts of its stake in Bharti Infratel via a trade that was close to double the size of what the seller originally planned.
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Huvepharma - Orion Engineered Carbons - Delek Group - Emsland – Stärke
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Westpac New Zealand broke more than a month of silence from international issuers in the Swiss franc market on Tuesday, selling a new six year print. The deal was priced around flat to outstanding paper, with investors starved of primary and secondary supply willing to take the aggressive level.
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Delek Group, the Israeli energy conglomerate, has allocated the €655m loan that backs TDR Capital’s purchase of its petrol station and convenience store operations in Benelux and France.
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Extensive preparation and cheaper pricing saw Jingrui Holdings to the finish line when the single-B rated property re-attempted a debut dollar issue on Friday, August 1. The Chinese borrower had returned to the drawing board after its first stab at the five year non-call three offering in May failed to garner enough investor interest, writes Isabella Zhong.
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China Merchants Bank returned to the bond market on Tuesday but this time the proceeds of the deal will go to its subsidiary CMB Leasing.
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Telecommunications giant Bharti Airtel is selling a 2.4% stake in its majority-owned subsidiary Bharti Infratel, with early indications from investors already enough to suggest that the Rp11.25bn ($183.4m) offer-for-sale (OFS) will get done.
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Westpac New Zealand broke more than a month of silence from international issuers in the Swiss franc market on Tuesday, selling a new six year print. The deal was priced around flat to outstanding paper, with investors starved of primary and secondary supply willing to take the aggressive level.