UK
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Ball Corp, the US metal packaging manufacturer, wants to issue its first euro bond as part of a €1.5bn-equivalent deal to support the purchase of UK can maker Rexam. -
LME Clear, the clearing house for the London Metal Exchange, has launched a trade compression service and given members the ability to post metals warrants as collateral for the first time.
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Intercontinental Exchange will introduce 81 energy futures and options contracts in December through its US and European exchanges.
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ABN Amro targeted sterling for a £300m six year senior bond on Monday, pricing more tightly than could have done in euros, according to rival bankers.
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Lloyds Banking Group printed a 30 year tier two deal as a flurry of FIG borrowers dominated the dollar market ahead of the Thanksgiving holiday.
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Lloyds is set to exchange two old tier two instruments for new longer dated debt as it shifts towards holding company issuance in the wake of regulators' new emphasis on loss absorbing capital.
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The UK Debt Management Office must raise an additional £4.5bn to meet Chancellor of the Exchequer George Osborne’s revised spending as outlined in Wednesday’s Autumn Statement.
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An aura of misery has hung over fixed income businesses for years. UBS slashed its business in 2012; now Deutsche, Barclays, Credit Suisse and Standard Chartered are also taking “tough decisions” about the size of their bonds businesses. So it was a pleasant surprise to see Alain Gallois, head of fixed income at Natixis, in good spirits.
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The UK Debt Management Office must raise an additional £4.5bn to meet Chancellor of the Exchequer George Osborne’s revised spending as outlined in Wednesday’s Autumn Statement.
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The initiatives taken to bring Chinese and UK markets closer together mark a new height in the bilateral relationship, with more RMB products and a possible Stock Connect link at the heart of future plans, said Nikhil Rathi, the new CEO of the London Stock Exchange (LSE).
