UBS
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The chairman and chief executive of the Philippines' Alliance Global Group, Andrew Tan, raised Ps7.87bn ($181.4m) on July 10 by selling a 2.7% stake in the company.
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Capsugel, which makes pharmaceutical capsules, is raising $1.07bn-equivalent of loans and payment-in-kind toggle bonds, partly to fund a $400m dividend payment to its private equity owner, KKR.
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Twin-Set Simona Barbieri, the Italian womenswear brand, today priced €150m of floating rate notes, in part to refinance loans raised at the time of its private equity buyout in 2012.
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Israeli energy conglomerate Delek Group has set price guidance on a €655m loan to back the sale of its petrol station and convenience store operations in the Benelux and France to TDR Capital.
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Promsvyazbank’s tier two bond minimum size has been set at $200m and the deal is well oversubscribed, according to a syndicate official on the trade. Pricing is expected later on Tuesday.
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Southeast Asia’s largest e-payment firm MOL Global filed for a $300m Nasdaq IPO on July 14, which could see it become the first Malaysian firm to go public in the US.
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The telecoms arm of Spanish gas utilities group Gas Natural Fenosa has issued price guidance on a €295m term loan ‘B’ to back its buyout by Cinven.
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Promsvyazbank is underlining that bond markets are open for Russian issuers, returning to the market with the tier two bond that it pulled in mid-March because of the Crimea crisis.
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The chairman and chief executive of Philippine’s Alliance Global Group, Andrew Tan, raised Ps7.87bn ($181.4m) on July 10 by selling a 2.7% stake in the company.
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Modernland Realty could be the first Indonesian name in the dollar market since last week’s still-undecided presidential elections. The borrower has launched an exchange offer for its outstanding 2016s and plans to issue a new five year dollar bond.
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E-commerce platform provider Cogobuy Group has raised HK$1.37bn ($177m) in its Hong Kong IPO, pricing the deal above the mid-point of guidance. Despite books being four times covered at the top of the range, the company still opted to price it lower to cater to top quality investors — and to ensure good secondary market performance.
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Future Land Holdings is out in the market with a new dollar bond less than a week after fellow high yield real estate company, Times Property Holdings, completed a dollar offering. Bankers hope that appetite for junk-rated property names is returning.