Wells Fargo Securities
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Hong Kong’s AIA Group looked to the US market for its latest $1bn bond sale on Tuesday. -
Berry Global said on Monday that it has added more banks to the financing for its purchase of UK packaging group RPC, one of the year’s hotly anticipated new money leveraged loans.
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Tim Sloan, CEO and president of Wells Fargo, has announced his retirement, after several years of regulatory and legal pressure on the bank as a result of mis-selling revelations. Sloan was a Wells veteran; the US bank will now not choose one its own staff as his permanent replacement.
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The European leveraged finance market is heating up, as long-awaited deals for the buyouts of UK plastics company RPC and German online listings firm Scout24 break cover. The two chunky deals will deliver much needed new money supply after a sluggish start to the year.
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Banks have pumped $1.9tr into fossil fuel financing since the Paris Agreement was signed, according to a new report. This is despite the widespread push from investors and shareholders for a greener approach to funding business.
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Bank Rakyat Indonesia has closed its $700m offshore syndicated loan, with 15 participants joining during syndication.
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China’s industrial gas supplier Yingde Gases Group has launched a $300m borrowing into general syndication.
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Spain's BBVA is targeting Asian liquidity as part of its global syndication for a $100m borrowing.
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Bank Muscat's Islamic banking arm, Meethaq, has requested proposals from banks for its debut loan syndication.
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The US corporate new issuance calendar took a breather on Thursday after clocking up its busiest week of the year with $30bn of supply in just three days. Borrowers remained on the sidelines as investors digested the supply onslaught that brought bulging order books and tight pricing.
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Wells Fargo Asset Management has picked Hannah Skeates to lead its global environmental, social and governance strategy.
