Banks

Deutsche Bank's far-reaching restructuring plan to pull out of equity sales and trading and streamline the investment bank elsewhere involves a tie-up with BNP Paribas for parts of its business. The troubled German lender also signalled the advantage of a recent rule change to additional tier one coupon payments in allowing it to proceed with the changes.

Former Credit Suisse banker Jinzi Huang has joined HSBC as an associate director for structured finance and illiquid distribution.

Louis Dreyfus Asia has priced its $500m three year revolving credit facility at the same level as its last loan from 2018.

Deutsche Bank’s plan to exit its equities sales and trading businesses globally as part of a far-reaching overhaul of its operations has led to many departures in Asia.

A banker at LBBW has left its SSA origination and syndicate team to join its FIG debt syndicate, GlobalCapital understands.

Hong Kong-listed Jiayuan International Group has wrapped up an exchange-plus-new money offering worth $225m.

Hong Kong-listed pharmaceuticals company United Laboratories International Holdings is tapping the loan market for a HK$1bn ($128m) deal, almost six years after cancelling a smaller facility.

Zhenro Properties Group has wrapped up its debut offshore borrowing at $120m-equivalent with commitments from five lenders.

Shanghai Henlius Biotech has resubmitted its application to list on the Hong Kong Stock Exchange with an IPO worth around $500m.

Rabobank has appointed Ian Baggott from the Loan Market Association to lead its Asia capital markets team, effective in August.

Deutsche Bank’s CIB boss and president Garth Ritchie is leaving the bank by mutual agreement, passing responsibility for the investment bank to overall group chief Christian Sewing. The confirmation ends weeks of speculation about Ritchie’s exit, as the German bank mulls increasingly aggressive cuts to the CIB unit he ran.

China’s CIMC Vehicles, a trailer maker, has priced its float of 265m shares on the Hong Kong Stock Exchange at the bottom of the range, raising HK$1.69bn ($217.1m).