Commerzbank

A source on the Austrian side of negotiations concerning Heta, the State of Carinthia and the Ad Hoc Group of creditors has revealed the depth of feeling regarding a potential payout to Heta’s creditors, saying that such a payment would be “political suicide” for any politicians involved in the deal.

A brewing crisis over guarantees made by the southern Austrian province of Carinthia has shown little sign of resolving, with creditors drawing up parallels between the state and Argentina's spectacular default.

GlobalCapital announces the results of its Equity Capital Markets Awards for 2015, following our inaugural ECM Awards Dinner, in London on March 16.

A spectacular spectrum of FIG issuers stormed into the bond markets this week as the European Central Bank’s latest round of stimulus squeezed spreads tighter and investors finally caved in to the bulging pipeline of deals. With Easter fast approaching, there is little sign of issuance slowing, writes Tyler Davies.

Commerzbank launched a €1bn 10 year tier two transaction first marketed in January on Wednesday, as investors continued to commit in large numbers to new subordinated bank debt offerings.

There has been €6.5bn of euro FIG supply across most asset classes in the first two sessions this week, with issuers riding a turnaround in sentiment after the European Central Bank announced more monetary stimulus last week.

The $400m loan for South Africa's Investec Bank will be oversubscribed, despite the bank being put on review for a downgrade, according to a banker on the deal.

A funding official at a leading public sector borrower will move to a bank’s syndicate team in the summer, GlobalCapital understands.

A $300m three year loan for Development Bank of the Philippines (DBP) has been allocated, with the borrowing capped at the launch size despite an oversubscription.

European Central Bank president Mario Draghi did not disappoint with his latest burst of stimulus on Thursday — although some public sector bankers felt his latest efforts to boost the eurozone economy could have damaging effects on the SSA bond market.

The German bank is building on momentum in European DCM with an expansion of its corporate finance business, writes David Rothnie.

Commerzbank’s Michael Weigerding looks at trends in the covered bonds market for the year ahead