Ardagh plans IPO in New York this quarter -chairman

DUBLIN, Feb 23 (Reuters) - Packaging conglomerate Ardagh Group is well advanced with plans to launch an initial public offering (IPO) and intends to float on the New York Stock Exchange later this quarter, chairman Paul Coulson said on Thursday.

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AO World founder steps down as CEO

LONDON, Feb 22 (Reuters) - AO World, the British online electricals retailer, said on Wednesday its founder John Roberts had stepped down as chief executive but would remain on the board in a new executive role.

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UPDATE 1-Saudi Aramco selects lead underwriters for $100 bln IPO -WSJ

Feb 21 (Reuters) - Oil company Saudi Aramco has selected JPMorgan Chase & Co, Morgan Stanley, and HSBC Holdings Plc as lead underwriters on the firm's planned initial public share offering, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.

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Saudi Aramco selects lead underwriters for $100 bln IPO -WSJ

Feb 21 (Reuters) - Oil giant Saudi Aramco has selected JPMorgan Chase & Co, Morgan Stanley, and HSBC Holdings Plc as lead underwriters on the firm's planned initial public share offering, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. (http://on.wsj.com/2lkNzAA)

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Deutsche Boerse, LSE plan further concession for EU merger approval - sources

Feb 21 (Reuters) - Deutsche Boerse AG and the London Stock Exchange Group Plc are planning further concessions to satisfy the European Commission's concerns about their planned merger, two sources familiar with the matter said on Tuesday.

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UPDATE 1-UK sells inflation-linked bond at record-low yield via syndication

(Adds reaction, market moves) By Andy Bruce LONDON, Feb 21 (Reuters) - Britain raised 4.5 billion pounds ($5.6 billion) on Tuesday through the sale of a 50-year inflation-linked bond that offered the lowest-ever inflation-adjusted return for a British government bond sold via a syndicate of banks. British financial markets' inflation expectations hit their highest level in several years at the start of the month, and although they are now off their peak, investors are still willing

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UK DMO says 2065 linker sale via syndication well-received by investors

LONDON, Feb 21 (Reuters) - The head of Britain's Debt Management Office said Tuesday's sale via syndication of a 2065 index-linked gilt was well-received by investors, with domestic buyers accounting for around 90 percent of demand.

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Bank of England hires lead managers for 2017's 3-year USD bond

LONDON, Feb 21 (Reuters) - The Bank of England said on Tuesday that it had hired Citi, Goldman Sachs, HSBC and Merrill Lynch to act as lead managers for a three-year U.S. dollar bond issue.

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UK sells 2.0 bln stg of 2065 linker via syndication - bookrunner

LONDON, Feb 21 (Reuters) - Britain has sold 2 billion pounds ($2.5 billion) of an inflation-linked government bond maturing in 2065 after attracting orders of more than 11.9 billion pounds in a syndicated sale, a bookrunner on the deal said on Tuesday.

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Saudi favors New York for Aramco IPO, also considers Toronto, London -WSJ

Feb 20 (Reuters) - Saudi Arabia is favoring New York to list state oil giant Saudi Aramco , while also considering London and Toronto for the prospect of floating the firm, the Wall Street Journal reported on Monday.

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Value of state-owned Allied Irish fell by 7 percent last year

DUBLIN, Feb 20 (Reuters) - The value of Ireland's 99.9 percent stake in Allied Irish Banks (AIB) fell 7 percent to 11.3 billion euros ($12 billion) during 2016, the state's strategic investment fund said on Monday ahead of a possible share sale.

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Snap arrives in London to woo sceptical investors ahead of IPO

LONDON, Feb 20 (Reuters) - Snap Inc, owner of popular messaging app Snapchat, kicked off its first investor roadshow on Monday, looking to persuade London money managers to back its initial public offering in the face of concerns about its growth prospects, valuation and corporate governance.

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BRIEF-Ebioss says its 51 percent unit Eqtec completes share issue worth GBP 0.5 million

* Says its 51 percent unit in UK Eqtec completes share issue worth GBP 0.5 million ($621,350)

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Domestic banks lose ground in France's AFT debt agency rankings

By Maya Nikolaeva PARIS, Feb 17 (Reuters) - French banks lost ground in the 2016 ranking of the most active financial institutions on primary and secondary government debt markets, according to public debt management agency Agence France Tresor (AFT). Banks in Europe have retreated from primary dealing in government bonds, saying regulatory constraints are adding to the costs involved. BNP Paribas held on to top place in 2016 but lost ground to HSBC and JP Morgan in the primary a

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TREASURIES-Yields jump on surging consumer price inflation

(Adds details on data, quotes, updates prices) * Consumer prices post largest gain in 4 years * Chances of Fed rate increase in March seen increasing * Goldman, JPMorgan bring forward hike expectations By Karen Brettell NEW YORK, Feb 15 (Reuters) - Benchmark U.S. Treasury yields rose to 2-1/2-week highs on Wednesday after data showing surging consumer price inflation in January bolstered expectations that the Federal Reserve is closer to raising interest rates. The La

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TREASURIES-Yields jump after data shows surging consumer prices

* CPI shows largest gain in 4 years * Two-year yields highest since Dec. 28 * Yellen to testify to lawmakers By Karen Brettell NEW YORK, Feb 15 (Reuters) - Benchmark U.S. Treasury yields rose to two-and-a-half week highs on Wednesday after data showed a jump in consumer prices in January, bolstering expectations that the Federal Reserve is closer to raising interest rates. The Labor Department said the Consumer Price Index jumped 0.6 percent last month after gaining 0.3 perc

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TREASURIES-Yields rise as Yellen warns about delaying rate hike

(Adds details on Fed expectations, quotes, updates prices) * Yellen gives hawkish testimony before Senate * 10-year yields highest in more than a week By Karen Brettell NEW YORK, Feb 14 (Reuters) - U.S. Treasury yields jumped on Tuesday after Federal Reserve Chair Janet Yellen said it would be unwise to wait too long to raise interest rates, striking a more hawkish tone than investors expected. The U.S. central bank will likely need to raise rates at an upcoming meeting,

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TREASURIES-Yields rise as Yellen warns about delaying rate hike

(Recasts with Yellen testimony) * Yellen gives hawkish testimony before Senate * 10-year yields highest in more than a week By Karen Brettell NEW YORK, Feb 14 (Reuters) - U.S. Treasury yields jumped on Tuesday after Federal Reserve Chair Janet Yellen said it would be unwise to wait too long to raise interest rates, striking a more hawkish tone than investors expected. The U.S. central bank will likely need to raise rates at an upcoming meeting, Fed Chair Janet Yellen said

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TREASURIES-Bonds steady before Yellen testimony

* Yellen to testify before Senate * Producer prices rise more than expected By Karen Brettell NEW YORK, Feb 14 (Reuters) - U.S. Treasuries were steady on Tuesday as investors awaited testimony by Federal Reserve Chair Janet Yellen for any new indication on when the U.S. central bank is likely to next raise interest rates. Yellen gives her semiannual Humphrey Hawkins testimony before lawmakers in Washington on Tuesday and Wednesday. Investors reduced expectations of a rate hi

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Chinese panda bond sales to rise again in 2017 after 2016 jump -JPM

LONDON, Feb 14 (Reuters) - Sales of panda bonds - yuan-denominated debt sold in China by foreign firms or governments - soared to 130 billion yuan ($19 billion) last year and could increase another 50 percent in 2017, according to JPMorgan data.

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TREASURIES-Yields rise as traders await Yellen testimony

(Adds quote, updates prices) * Yellen testifies to lawmakers on Tuesday and Wednesday * Stock market highs put pressure on bonds * Economic data this week includes inflation, retail sales By Karen Brettell NEW YORK, Feb 13 (Reuters) - U.S. Treasury yields rose on Monday as investors looked ahead to testimony by Federal Reserve Chair Janet Yellen on Tuesday and Wednesday and as record high stock markets reduced demand for bonds. Investors will be watching for any new i

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Virgin Media bond exchange leaves dollar holders out in the cold

LONDON, Feb 13 (IFR) - Virgin Media is looking to exploit weak covenants in legacy bonds to carry out an exchange on sterling notes that will also impose covenant changes on dollar bondholders.

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TREASURIES-Yields rise as traders await Yellen testimony

* Yellen testifies to lawmakers on Tuesday and Wednesday * Economic data this week includes inflation, retail sales * Weaker yen seen adding to pressure on bonds By Karen Brettell NEW YORK, Feb 13 (Reuters) - U.S. Treasury yields rose on Monday as investors looked ahead to testimony by Federal Reserve Chair Janet Yellen on Tuesday and Wednesday and waited on a busy week of economic data. Investors will be watching for any new indications of when the U.S. central bank will ne

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South Africa's Sibanye secures $2.65 billion finance for Stillwater deal

JOHANNESBURG, Feb 13 (Reuters) - Sibanye Gold Ltd has secured a loan of $2.65 billion to support the acquisition of Stillwater Mining Company, the only U.S. miner of platinum and palladium, the South African company said on Monday.

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UPDATE 1-Britain's Co-operative bank puts itself up for sale

LONDON, Feb 13 (Reuters) - Britain's Co-operative Bank , rescued from the brink of collapse by a group of hedge funds in 2013, has put itself up for sale as it seeks to build up its capital to meet regulatory requirements.

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Corporate credit risks repricing as French investors pull back

LONDON, Feb 10 (IFR) - French investors scaled back their bids for corporate paper this week as mounting concerns over political risk and poor valuations began to weigh.

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UK DMO appoints four banks as bookrunners for 2065 index-linked gilt sale

LONDON, Feb 10 (Reuters) - The UK Debt Management Office appointed four banks to be joint bookrunners on the syndicated reopening of the 0.125 percent index-linked gilt maturing in 2065, which is scheduled to take place in the week starting Feb. 20.

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UPDATE 1-Rusal considering secondary share offering, London listing - sources

MOSCOW, Feb 9 (Reuters) - Russian aluminium producer Rusal is considering a secondary share offering, two sources close to the company and a banking source said on Thursday.

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Ryanair to land new bond despite Brexit headwinds

LONDON, Feb 8 (IFR) - Ryanair capitalised on favourable rates to raise 750m in the bond market on Wednesday after CEO Michael O'Leary announced profit losses and a challenged outlook ahead of Brexit.

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BRIEF-Aker Solutions signs 2 engineering framework contracts with BP

* Aker Solutions secures two global engineering framework accords from BP

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UPDATE 2-Investors tiptoe back into Russia in toystore IPO

* Values Russia's biggest toy retailer at 62.8 bln roubles (Changes source, adds details, banker and fund manager comments)

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Moelis chosen as an adviser for Saudi Aramco IPO - source

Feb 7 (Reuters) - Independent investment bank Moelis & Co was chosen as an adviser for the planned initial public offering of Saudi Aramco on Tuesday, a source familiar with the matter told Reuters.

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Canadian oil company Eco Atlantic to list in London on Wednesday

LONDON, Feb 7 (Reuters) - Eco Atlantic Oil & Gas, a Canadian oil explorer, will list on London's junior AIM market on Wednesday, raising 4.8 million pounds ($6 million) to help finance a drilling campaign offshore Guyana with partner Tullow Oil.

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Sibanye looking for another South African asset

CAPE TOWN, Feb 6 (Reuters) - Sibanye Gold is hunting for another South African platinum asset with a focus on smelting and refining, but a deal is unlikely this year as its seeks to fund its acquisition of U.S. producer Stillwater , its CEO said on Monday.

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TREASURIES-Yield curve steepens as wage data points to low inflation

(Adds quotes, data, Fed speakers, updates prices) * Fed's Williams hawkish on inflation, rate hikes * Tepid wage growth eases inflation concerns * Treasury to sell $62 bln new issues next week By Karen Brettell NEW YORK, Feb 3 (Reuters) - The U.S. Treasury yield curve was the steepest in one-and-a-half months on Friday after the jobs report for January showed disappointing wage growth, indicating inflation is not rising at a pace that would lead the Federal Reserve to rai

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TREASURIES-Yields fall as tepid wage growth points to low inflation

* Tepid wage growth eases inflation concerns * Bonds rally after jobs report By Karen Brettell NEW YORK, Feb 3 (Reuters) - U.S. Treasury yields fell on Friday after a jobs report for January showed disappointing wage growth, indicating inflation is not rising at a pace that would lead the Federal Reserve to raise rates in the near-term. Nonfarm payrolls increased by 227,000 jobs last month, the largest gain in four months, the Labor Department said. Average hourly earnings,

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Irish banks set off down holdco road

LONDON, Feb 3 (IFR) - Bank of Ireland and Allied Irish Banks, Ireland's two largest lenders, are on course to set up holding companies to help them meet regulatory requirements designed to facilitate future bank resolutions.

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Deutsche Boerse, LSE to offer small antitrust concessions - sources

FRANKFURT, Feb 3 (Reuters) - Deutsche Boerse and the London Stock Exchange will offer the European Commission to make small adjustments to their combined business in the area of derivatives clearing in a bid to win antitrust approval of their planned merger, two people familiar with the matter said.

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Teen apparel retailer Wet Seal files for bankruptcy

Feb 2 (Reuters) - Wet Seal LLC filed for bankruptcy protection on Thursday, following reports last week that the struggling teen apparel retailer had closed all its stores after it was unable to find...

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TREASURIES-Prices gain on dovish Fed, Trump uncertainty

* Fed seen on hold for near-term * Trump uncertainty creates safety bid for bonds * Jobs data improves, productivity worsens By Karen Brettell NEW YORK, Feb 2 (Reuters) - U.S. Treasury prices gained on Thursday a day after the Federal Reserve gave a more dovish-than-expected statement, and as uncertainty over policies from President Donald Trump increased safety buying of U.S. debt. The Federal Reserve held interest rates steady on Wednesday in its first meeting since Trump

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BRIEF- Wet Seal files for Chapter 11 bankruptcy

* Apparel retailer The Wet Seal LLC - Files for protection under Chapter 11 of U.S. Bankruptcy code

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BRIEF-EnPro Industries announces court approval of settlement regarding Canadian Asbestos claims

* EnPro Industries announces court approval of settlement regarding Canadian Asbestos claims

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Vanguard Natural becomes latest oil firm to file for bankruptcy

Feb 2 (Reuters) - Oil and natural gas explorer Vanguard Natural Resources LLC filed for bankruptcy protection, adding to a long list of energy firms that have succumbed to weak oil prices.

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BRIEF-Vanguard Natural becomes to file for bankruptcy

* Vanguard Natural Resources Llc files for Chapter 11 protection

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BRIEF-Nephrogenex and Medpace enter into plan support agreement

* Nephrogenex Inc - On February 1, 2017, company and Medpace, Inc. entered into a plan support agreement-SEC filing

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Global bond issuance volumes smash record

LONDON, Feb 2 (IFR) - Global bond issuance volumes hit a new high in January as borrowers sprinted out of the blocks to raise funds ahead of looming event and market risks.

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S.Korea court says expects to declare Hanjin Shipping bankrupt on Feb. 17

SEOUL, Feb 2 (Reuters) - A South Korean court said on Thursday it decided to end Hanjin Shipping Co Ltd's court receivership process and expects to declare bankruptcy on February 17 after a two-week...

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UPDATE 2-Oi aims to renegotiate debt before taking new capital -source

SAO PAULO, Feb 1 (Reuters) - The board of Brazil's fourth-largest wireless carrier Oi SA on Wednesday decided to first solve its court-supervised reorganization before discussing a potential capital...

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Sports Direct in talks to bid for Bob's, Eastern Mountain Sports -sources

Feb 1 (Reuters) - British sporting goods company Sports Direct International Plc is in talks to bid for Eastern Outfitters LLC, the parent of U.S. discount chain Bob's Stores and outdoor retailer...

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JPMorgan to pay Lehman $797.5 mln to end litigation over collapse

NEW YORK, Feb 1 (Reuters) - JPMorgan Chase & Co will pay $797.5 million in cash to end all litigation brought on behalf the former Lehman Brothers Holdings Inc, whose September 2008 collapse...

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UPDATE 1-Puerto Rico says it will miss some Feb. 1 debt payments

Feb 1 (Reuters) - Puerto Rico's government said it will miss some debt payments due on Wednesday, including another payment on general obligation (GO) bonds backed by the U.S....

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Puerto Rico to miss some Feb. 1 debt payments

Feb 1 (Reuters) - Puerto Rico's government said it will miss some debt payments due on Wednesday, including general obligation bonds backed by the U.S. territory's constitution, debt at its public...

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