Commerzbank

Wacker Chemie picked Credit Suisse, Citigroup and Commerzbank on Tuesday night to sell 21% of Siltronic, the German company that makes silicon wafers for mobile phones and computers, after its share price had rallied by more than 260% over the past 12 months.

The European Investment Bank has tapped its longest green line, adding €500m to the November 2037 Climate Awareness Bond.

A1/A+/A- rated KEB Hana Bank is eyeing to return to the international debt market with a 144A/Reg S transaction, having hired seven firms to arrange a global roadshow.

Toronto Dominion had less luck than its Canadian peers when it issued the third sterling Canadian covered bond of the year this week. Even though the transaction offered a hefty concession there was only sufficient demand to issue in half the size of the previous deals.

Covered bonds issued this week by Axa Bank and Lansforsakringar Hypotek (LF Hyp) were priced at — or inside — fair value, partly reflecting a technical squeeze that was aggravated by the European Central Bank’s move to step up purchases in the secondary market.

Deutsche EuroShop, the German property company, completed an 8.7% capital increase as an accelerated sale on Tuesday evening, raising €165m to finance the acquisition of the Olympia Center, one of the largest shopping malls in the Czech Republic.

Lansforsakringar Hypotek (LF Hyp) has issued its longest dated covered bond which, with a positive spread to mid-swaps, gives a slight premium to other Swedish banks but no concession to its own curve.

Novomatic, the Austria-headquartered gambling company, has syndicated a €1bn five year revolving credit facility as it looks to combine its credit facilities into a single line.

Deutsche Bank confirmed over the weekend that it was preparing an €8bn rights issue, alongside a fresh strategic overhaul that includes a partial IPO of its asset management division and the reintegration of Postbank.

Lenders that have chipped in for Bank Negara Indonesia’s $750m facility can expect to be scaled back by close to 50% of their original commitments, said bankers close to the trade. Allocations are due to be announced in the next few days.

DG Hyp enjoyed solid demand for a long nine year Pfandbrief deal this week as, despite the measly new issue concession, it offered an unusually high pick-up against Bunds.

After a month of much slower supply, increasingly desperate covered bond investors clamoured to buy a long nine year Hypothekenpfandbrief issued on Wednesday by DG Hyp. Though the bonds offered little new issue concession, interest was also boosted by the deal’s hefty spread over Bunds.