Banks

Country Garden-linked Bright Scholar Education Holdings made its debut in the offshore bond market on Wednesday, raising $300m from a heavily-covered transaction.

China Great Wall Asset Management Co priced its first dollar bonds since May 2018, attracting investors amid subdued supply from the Chinese AMC sector.

Wanda Sports Group has cut 38% off the size of its live US IPO, having reduced the stock on offer and trimmed price guidance as it confronts investors nervous over their unfamiliarity with the company.

The Swedish cosmetics company Oriflame is attempting to charm high yield investors with a €775m bond — but left lead Goldman Sachs is also pitching the issue to emerging market-focused accounts, highlighting the company's extensive business in Asia and Turkey. The founding family of the firm will use the bond to refinance bridge facilities which funded their buyout of the company earlier this year.

It was set of gruelling results for Deutsche Bank’s corporate and investment bank on Wednesday, with revenues from debt underwriting, equity underwriting, advisory and equity trading all underperforming peers that have already posted figures. Meanwhile, the group as a whole recorded substantial charges from its restructuring plans but said this would not impact its capital ratio much.

Drax Group, the UK electricity generator, has sold £375m of US private placement debt, alongside a £125m environmental, social and governance facililty to repay a bridge loan used to fund its acquisition of Scottish Power Generation.

NRW.Bank had the dollar market to itself this week, and issuance is expected to continue trickling next week with Ontario Teachers’ Finance Trust poised with a trade.

Investors in a rare block in Hugo Boss, the German fashion house, sold by Xinglee International Development on Tuesday night, have made strong profits in trading.

Slava Slavinskiy is joining Mizuho International as head of investment banking for Europe, the Middle East and Africa.

Mexico showed that even trickier credit stories could take advantage of the borrower-friendly rates environment, surprising many with a $3bn liability management exercise just two weeks after finance minister Carlos Urzúa resigned.

Investors jumped at the chance to buy Canadian Imperial Bank of Commerce’s Australian dollar covered bond on Wednesday.

Industrial and Commercial Bank of China tapped the sterling market through its London branch on Wednesday to become the first Chinese bank to sell a senior benchmark bond in the currency. Demand was driven by an anchor investor, with the lead managers increasing the size of deal to satisfy as many orders as possible.