UK
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Cobham, the UK aerospace and machine technology maker, has priced its debt-cutting £506.7m rights issue, announced in April, at a heavy discount of 45.4% to Tuesday's closing share price.
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The UK Financial Conduct Authority’s criticisms of the “restrictive contractual clauses” in banking mandates has prompted a vigorous defence from the industry, citing corporate broking, acquisition finance, and advisory as areas where clients benefit from restrictions on which banks they choose.
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Gordon Dadds, a law and professional services firm, will begin offering a derivative documentation managed service as part of a newly launched consultancy business. -
Defence systems group Meggitt has completed a $600m private placement with a group of 23 investors from the US.
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The swathe of rights issues set to form a big part of Emea equity capital markets activity this side of the summer has moved forward this week, with the conclusion of Dubai Parks and Resorts’ deal and the launch of SSAB’s prospectus.
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Prudential attracted a mammoth book for a $1bn Reg S tier two bond on Tuesday, after successfully targeting yield-hungry Asian investors.
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International institutional investors showed no signs of ‘Brexit’ jitters this week as the last of the sovereign's syndication before the European Union referendum drew a record book of more than £15bn.
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The UK’s financial watchdog has warned banks that terminating client relationships deemed ‘risky’ may have some unexpectedly litigious consequences.
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China had no problem selling its first offshore renminbi bond outside of Hong Kong as a strong showing from central banks pushed the deal to be more than twice subscribed.
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