Bank of America

Sberbank is roadshowing a tier two bond in the US and Europe from Monday to Wednesday and will try to issue under refined documentation language with regards to Russia’s Basel III framework for subordinated debt.

Deutsche Bank has promoted its head of ECM Asia, Ashok Pandit, to a new role covering sovereign wealth funds and is moving a senior equity banker from its European team to replace him.

Bayer, the German drugs, pesticides and chemicals company, launched its first substantial euro bond for four years today, raising €2bn with a three tranche issue that was priced to achieve hefty size and found strong demand.

There is no deal too big to get done — that is the message for CEOs wondering about taking the plunge on M&A. Verizon’s jumbo takeover, financed in less than a fortnight, demonstrated just how obliging banks and investors will be when offered large amounts of cheap debt — a good sign for companies ready to make a move in 2014, writes Stefanie Linhardt.

Bank of America Merrill Lynch’s aggressive expansion in Europe is striking fear into its rivals, writes David Rothnie.