Commerzbank

Johnson Control’s automotive business, Adient, on Monday began a roadshow for $2bn-equivalent of high yield notes, with a 17 strong group of bookrunners.

Bank operational risk is a perfect example of how good intentions can lead to strange conclusions. Commerzbank on Tuesday showed just how bizarre the rules have become.

Commerzbank released a preliminary set of earnings on Monday evening, with the operational risk management helping drive an unexpected decline in the bank’s common equity tier one capital ratio.

The European Stability Mechanism has chosen to tap its April 2024 line during its funding window this week, a move that bankers said was sensible given the seasonal thinning of liquidity in the market.

From our extensive time in debt capital markets, we’ve come across plenty of myths and misconceptions about corporate funding. But equally there are certain golden rules that hold true for almost every issuer, whatever their size or profile. Here we’ve gathered 10 universal truths that we hope will help guide any finance director looking to raise funding via DCM loans or bonds.

Canadian Imperial Bank of Commerce this week priced the first negative yielding non-Eurozone covered bond, with a well oversubscribed order book and a tiny new issue concession.

Turkish Sekerbank has postponed the roadshow for its tier two bond as Turkish bonds opened Monday around 15bp-20bp wider after the failed coup over the weekend.

Turkey's Sekerbank has mandated six banks for a Reg S only subordinated tier two Basel III compliant bond.

Swedish firm AR Packaging and French software firm Cegid both successfully allocated leveraged buyout loan packages this week — with the margins undisturbed by the UK's vote to leave the EU.

Commerzbank has merged its high yield and leveraged loan teams, appointing the former HY head to lead the new unit and leaving the former levloan head without a position at the bank.

A $725m loan for Indonesia Eximbank that hit general syndication at the end of May has attracted commitments from 24 lenders.

Two block trades were successfully placed in Europe this week, including a small stake in Italian multi-utility Hera that was snapped up very quickly on Thursday night.