UK Sovereign
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Jefferies has lost its head of sterling credit sales.
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Standard Chartered has lost another senior banker from its loan syndications team in London, according to well placed sources.
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Jastrzębska Spółka Węglowa, the largest EU coking coal producer, has yet to announce the size and shape of its proposed bond issue, though it finished a seven day roadshow on Tuesday - leading some to wonder if the deal was struggling to gain traction.
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A £1.35bn fundraising for phases II and III of the Battersea Power Station project was signed among seven banks on October 28. The loan was split into a £750m facility to fund phase II and a £600m portion for phase III that included a chunk of Islamic financing. It represents one of the biggest sterling financings by a Malay consortium.
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Heathrow Airport Holdings, which owns and runs Heathrow, Southampton, Glasgow and Aberdeen airports, has begun the process of refinancing its core revolving credit and liquidity facilities, according to its most recent financial statement.
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Deutsche Bank has promoted the head of its EMEA financial sponsors group to co-head its UK corporate finance business
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European investors may be pulling money out of high yield, but high yield issuers are actually in better shape than they have been for a while, according to one measure tracked by Moody’s.
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A £1.35bn fundraising for Phases II and III of the Battersea Power Station project was signed among seven banks on October 28. The loan was split into a £750m facility to fund phase II and a £600m for phase III.
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Jaguar Land Rover, the UK car manufacturer owned by India’s Tata Group, has launched a $500m intraday bond issue on Tuesday.
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BTIG has said it will offer its European clients equity derivatives trading beginning in 2015 as part of a massive expansion to European business, including the hire of three sales traders.
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Tesco bonds found some support today after a bruising sell-off on Friday. Volume has been fairly light in the credit since all three rating agencies downgraded it to the bottom rung of investment grade at the end of last week - but that has not stopped the bonds trading off sharply in price.