Commerzbank

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

Woori Bank has hired six banks to work on a dollar-denominated additional tier one (AT1) offering.

Issuers lined up to print in euros on Tuesday as a vital European Central Bank meeting loomed later in the week — but bankers were divided as to how much the flurry of deals was down to concerns over the central bank meeting.

Core eurozone issuers are set to pepper the euro curve over the next two days, before all attention turns to a much anticipated European Central Bank meeting on Thursday.

Commerzbank has named Martin Zielke the successor to Martin Blessing as chief executive and chairman of the board of managing directors.