Wells Fargo Securities
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Credit Suisse took advantage of highly favourable funding conditions to take out $2bn as it took a further step towards meeting its total loss-absorbing capacity (TLAC) requirements.
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Scotiabank de Costa Rica has included Taiwanese lenders in its list of invitees for a $75m two-tranche fundraising, following in the footsteps of many other borrowers from Latin America that are looking to Asia for liquidity.
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ICBC continued its debt-raising spree on Monday, with the New York branch becoming the third of the lender’s units to sell a bond this month. But while the deal resonated well with Chinese bank treasuries, signs of investor fatigue are starting to appear.
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Nasdaq, the US stock exchange, received an enthusiastic reception from investors as it returned to Europe’s bond markets after a three year absence and widened its investor base.
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Wells Fargo has added Shaun Dreyer, former European loans head at Bank of America Merrill Lynch, to its US loans team and picked up a new director in the UK.
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Loans for financial institutions continue to flourish in general syndication, with deals for State Bank of India and Malaysia's Maybank progressing smoothly.
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Agricultural Bank of China New York raised $1.25bn from a dual-tranche offering on Monday, hitting the market early given expectations of more supply over the week. The issuer sealed a bigger floating rate note as it provides protection against volatility induced by the Federal Reserve, but executed the trade in an unusual manner.
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Agricultural Bank of China New York has returned to the offshore bond market, having started bookbuilding for a dual-tranche dollar transaction on Monday morning.
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Turkish bank Yapi ve Kredi Bankasi has refinanced the 367 day credit facility it signed in April last year, maintaining the size of the lender group.
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Rexel, the French distributor of electrical supplies, on Wednesday sold €650m of unsecured notes on a day when investment grade buyers moved into the high yield market.
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Bank of China Luxembourg has signed its debut syndicated loan after ICBC’s London subsidiary signed a $1bn deal last year.
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JP Morgan paid a negligible premium for a 10.5 year euro senior unsecured deal on Monday, as it became the last major US bank to issue following earnings.