UniCredit
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Danske Bank opened books on Wednesday on a triple A rated five year euro benchmark following up its its seven year sterling transaction early last week. A solid book build blew away concerns over a soft credit market and a series of upcoming potentially disruptive events.
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Pernod Ricard, the French distiller, issued its second European bond of the year on Wednesday, in a week already well populated with deals for drinks companies.
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The International Finance Corp will arrange up to €42.5m of financing for a new wind farm in Croatia, the Rudine project. As part of the deal, UniCredit will co-ordinate a €23.6m syndicated loan.
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Diageo, the UK alcoholic drinks group, was named by research firm CreditSights last week as one of the European consumer goods companies most exposed to risk from the Scottish independence referendum.
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Tui AG, the German tourism group, followed up Monday’s announcement of an agreement on merger terms with British subsidiary Tui Travel by beginning a roadshow for its first bond issue for nearly a decade.
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KazMunaiGas International, the Amsterdam-headquartered oil refining and trading company formerly known as Rompetrol Group, has signed a $200m five year term loan to refinance debt.
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South Korea's Hankook Tire has obtained a €120m three year loan arranged by a quartet of Hungarian banks for its plant in Rácalmás, Hungary.
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Borealis, the Austrian chemicals and fertiliser producer, has refinanced its €1bn five year revolving credit facility, originally signed in 2012, pushing the maturity out to 2019, with an additional two year extension option.
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Covered bond issuers priced 10 benchmark sized deals this week, raising €11bn on the back of an aggregate €26bn of demand. Average order book sizes were boosted after the European Central Bank announced last week its intention to proceed with a third covered bond purchase programme.
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Aareal Bank capitalised on the momentum created by the two successful French deals issued through mid-swaps on Monday and Tuesday by bringing forward plans to issue a euro-denominated Pfandbrief. It opened books on a three year deal on Wednesday rather than waiting until next week.
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Delachaux - Co-op Pharmacy - Corialis - Averys - HSE24 - WMF - Cheminova
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HSE24, the German shopping television channel, is marketing a €314m loan to refinance debt and pay a €94m dividend to its sponsor, Providence Equity.