Barclays

Reports that Barclays will exit its African operations, known locally as Absa, have left emerging market bond and loan bankers puzzling what future the firm has in the region — historically one of its strengths within CEEMEA — but it is thought it will leave the UK firm better capitalised.

Torsten Elling will not be returning to Barclays, having been on paternity leave since June last year, GlobalCapital understands.

A record breaking start to the year for SSA issuance in sterling kept pace this week, as the bond market showed little sign of contagion from a drop in the currency to a seven year low versus the dollar — and indeed may even have received a boost from the devalued currency.

Senvion, the German wind turbine maker, has become the first of this year’s second wave of IPO candidates, announcing on Monday this week its intention to float in Frankfurt.

The Republic of Slovenia printed a €1.5bn 16 year bond on Thursday from a book of €1.75bn and achieved its aim of building out the longer part of its curve.

Slovenia has firmed price guidance for a euro 16 year benchmark to 147bp over mid-swaps, a level that syndicate officials away from the deal said represents a double digit new issue premium.

Deutsche Bank has made a series of senior changes to its debt and loan teams in Asia, which will see Haitham Ghattas, the new head of debt origination for Asia, take charge of four origination units.

Delta Lloyd, the Dutch insurance company, bowed to investor pressure and cut the size of its planned rights issue by a third on Wednesday, to €650m.

A Dutch agency has become the latest public sector borrower to dip into a record breaking sterling market for the year so far, after mandating banks on Wednesday for a deal.

LyondellBasell Industries, the Dutch/US petrochemical producer, emerged as the only corporate bond deal on Wednesday, offering a six year benchmark transaction.

Genus, the bovine and porcine genetics company, retained all of its relationship banks when it signed a £160m revolving credit facility on Monday.

Russian Railways is offering to buy back up to €150m of its €1bn 3.374% 2021s.