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Cash available for Argentine corps as Albanesi raises $250m

Argentine electricity generation company Albanesi raised prospects of market access for small corporates from the country with a $250m seven year non-call four bond on Wednesday.

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Chubut chugs Argentina along with $650m secured bond

The province of Chubut’s debut dollar bond, sold on Tuesday, traded well on the break as bankers said demand for Argentina risk was unsated with at least two more provinces lining up issues.

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Brazil jumps on flat curve to price tight 30 year

Brazil underlined its re-entry to EM investors’ good books on Thursday with a $1.5bn long 30 year issue that bankers saw as taking advantage of the sovereign’s particularly flat curve.

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Oil India extends deadline for $650m loan bid

Oil India has extended the deadline for submission of bids for its request for proposals seeking a $650m loan with a $200m greenshoe, according to two bankers.

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Greenland HK brushes off downgrade with $450m bond

Real estate developer Greenland Hong Kong sold a highly popular bond on Thursday, in a move that highlighted investors’ lack of concern about the issuer’s high leverage.

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RMB round-up: China eases FTZ rules, OTC Clear to clear USDCNH CCS

In this round-up, China eases rules on foreign investment in the free trade zones (FTZ) and OTC Clear receives approval to clear CNH cross currency swaps (CCS). Plus, a recap of GlobalRMB’s top stories...

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Emirates NBD nails down $500m Formosa PP

Emirates NBD has printed a $500m 3.5 year Formosa private placement, marking a further opening of this market to Middle East issuers.

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Pirelli's €6.4bn refi loan oversubscribed, though some banks turn away

Pirelli’s €4.8bn refinancing loan has found strong demand, as roughly 20 banks will join it, and it was well oversubscribed. Some banks declined to participate, however, and one banker said the...

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Funding scorecard: European supranationals and agencies

This week's funding scorecard looks at how far European supranationals and agencies have progressed in their 2016 funding programmes.

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UK gets first LBO since Brexit with Morrison Utility Services

HSBC and Société Générale have underwritten a sterling loan for what is, according to two bankers, the first UK leveraged buyout since the country voted to leave the EU almost a month ago.

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Lecta cherry on the HY cake with size increase and pricing inside guidance

Lecta Group, the southern European coated paper manufacturer, on Friday printed a €600m two tranche bond in a high yield market comfortably readjusted to post-Brexit times, as issuance surpassed €2.5bn...

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Enav eight times oversubscribed, lifting Italian ECM hopes

The privatisation of Enav, the Italian air traffic control system, reached a successful conclusion on Thursday, proving that large IPOs can still happen in the post-Brexit equity market, even in Italy,...

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Marsa Maroc soars after Casablanca IPO

Shares in Marsa Maroc, the Moroccan port terminal operator and cargo handler, have risen 20% this week after they began trading on the Casablanca exchange on Tuesday following the company's Dh1.9bn...

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ESM opts for auction amid thinning liquidity conditions

The European Stability Mechanism has chosen to tap its April 2024 line during its funding window this week, a move that bankers said was sensible given the seasonal thinning of liquidity in the market.

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SSAB gains 11% since Skr5bn rights issue

Shares in SSAB, the Nordic steel producer, have risen by 11% since the company announced the completion of its oversubscribed Skr5bn ($599m) rights issue on Friday.

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Corporate bond market serene, but no deals amid blackouts

The exceptionally borrower-friendly conditions of Europe’s investment grade corporate bond market kept improving on Monday, though with many issuers in earnings closed periods, there were no new deals.

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GE Money Bank lands first French RMBS deal in a year

GE Money Bank in France on Friday offered up extra spread on the subordinate tranche of its €850m French RMBS deal, the first publicly placed deal in the asset class since July 2015.

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Reverse flex for Foncia LBO loan

French residential real estate company Foncia on Monday reopened the book for a €800m loan backing its acquisition by a Partners Group-led consortium, after tightening pricing beyond guidance.

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Ineos to inject €1.1bn of single-B bonds into carefree high yield

Petrochemical manufacturer Ineos on Monday launched a €1.1bn-equivalent refinancing deal into a high yield market that has thrown caution to the wind.

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AFD and NIB join pre-summer dollar rush

A stream of dollar issuance over the last few weeks looks like it will keep flowing right into this Wednesday’s US Federal Reserve meeting, after a pair of borrowers mandated on Monday for no-grow $1bn...

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