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incorporated in England and Wales (company number 15236213),

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Hybrid

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New recruit joins SSA market


Big books and negative concessions aplenty as pipeline looks thin
Lufthansa's low rated hybrid gets less enthusiastic reception than Enel's but still garners ample demand
Néstle goes long, Enel brings subordinated debt to launch the corporate market's year
Hybrid bonds are rare in the Gulf and even harder to find in Africa
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