Commerzbank

SpareBank 1 Nord-Norge took advantage of good conditions in Swiss francs on Thursday to print its second deal in the currency.

Goldman Sachs printed its largest ever deal in Swiss francs on Wednesday, revealing an opportunity for other banks escaping widened euro and dollar spreads.

The covered bond market could see the second Singaporean deal soon, with United Overseas Bank (UOB) mandating leads for a series of European investor meetings that could result in its first deal.

Commerzbank posted stellar results on Friday, sending its stock soaring in a week where fears about the banking system ravaged markets. And though the investment bank saw revenues fall, Michael Reuther, its chief, told GlobalCapital exclusively that the division is set to increase its client base, and even enter some new markets.

Supranational and agency borrowers showed their steel once again this week, printing a series of euro deals in the face of strong volatility.

Sociedade Nacional De Combustíveis De Angola (Sonangol) has completed a lengthy loan syndication for a $1bn five year loan, with Chinese banks taking big tickets, according to a banker on the deal.

Standard Bank is in the market for two loans, a $750m deal for Standard Bank of South Africa and a deal for its Kenyan subsidiary, Stanbic Kenya, according to bankers.

On Tuesday night the loan market gathered in all its finery to hear the winners of the 13th Syndicated Loan, Leveraged Finance and Private Placement Awards at the Guildhall, in London. The results are below.

ASML Holding, the Dutch manufacturer of lithography machines for computer chip production, has hired four banks to arrange a roadshow for its first bond in three years.

After hiding in the shadows of private placement markets in January, BMW rose above the parapet with a dual tranche public bond on Monday, only to be hit by another sharp global sell-off. Yet the deal still got done, at a good size and with tight new issue premiums.

Commerzbank announced this week that it has received approval from the China Securities Regulatory Commission (CSRC) and Beijing Administration for Industry and Commerce (BAIC) to open a securities representative office in the Chinese capital.

The extraordinary sight of a German public sector borrower pulling a syndication mid-week led not only led to criticism of the deal’s execution but also reawakened fears over banks' diminishing ability to take down and warehouse sovereign and sub-sovereign bonds. Craig McGlashan reports.