Banks

Grenke on Monday announced new plans for additional tier one (AT1) bond on Monday. The bank and leasing company could be looking at a small issuance window for its offering, with DCM officials predicting an early end to the year for deal flow.

Italian banks have made the most of improving market conditions in 2019, with the average cost of five year senior debt having fallen by 40bp in the last six months, according to Bank of Italy data.

Francesco Bertocchini has joined Nomura from UBI Banca as a managing director for Italy.

SPH Real Estate Investment Trust has bagged S$161.5m ($118.4m) after issuing a chunk of new stock.

Troubled Chinese commodities trader Tewoo Group has revealed its plan to exchange or purchase for cash $1.25bn of outstanding offshore bonds, just days after getting funds from Industrial and Commercial Bank of China (ICBC) to make an imminent coupon payment.

The People's Republic of China is planning to raise around $6bn from its return to the dollar bond market on Tuesday.

Chinese property developer JY Grandmark Holdings has launched a roadshow for an up to HK$1.45bn ($185.5m) Hong Kong listing. A source close to the situation said the IPOs timing is right, despite the turmoil in the special administrative region.

MUFG Bank has hired Marilyn Gan as head of origination for its Asia Pacific aviation financing business.

One of Europe’s leading bond syndicate bankers is leaving MUFG.

Austrian bank Raiffeisenlandesbank Oberoesterreich has visited the MTN market to print a rare constant maturity swap (CMS) linked note - its first since 2018, according to Dealogic.

Deutsche Bank exploited strong investor demand for high-grade paper when it came to the market on Thursday with its inaugural senior dollar trade in a callable format.

Deutsche Bank has moved down a bucket in the Financial Stability Board’s latest assessment of global systemically important banks (G-SIBs), with the German firm expecting further ‘efficiencies’ to stem from its broad-ranging restructuring plan.