Commerzbank
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Daimler closed its books on Friday for its Schuldschein note, increasing on its launch size from €300m to €1.1bn. -
Symrise, the German fragrances and ingredients supplier, has doubled the size of its Schuldschein issue after receiving strong demand from investors.
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On Wednesday, the same day as Total's debut convertible, came another inaugural deal, from Brenntag, the German chemicals distributor, which has a €7.7bn market cap — dwarfed by Total’s €113bn.
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Scandic Hotels, the Nordic hotel operator that started taking orders for its IPO on November 17, has released a covered message to investors, a lead banker said on Wednesday.
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Edag, the German family-owned car engineering service provider, started taking orders on Monday for its initial public offering in Frankfurt.
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A question mark hung over BMW’s quarterly round of private placements this week. Like some of its rivals' emissions test results, deals over the last few days showed rather higher numbers than earlier in the year.
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Finansbank has picked banks for a senior dollar benchmark that would be the first in the format from a Turkish bank since April.
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British American Tobacco has offered the sterling market its second long dated bond in as many days, a £350m 40 year tranche as part of a €1.1bn offering.
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Monte dei Paschi di Siena (MPS) issued a €1bn 10 year Obbligazioni Bancarie Garantite (OBG) this week. The deal came with a 2.125% coupon, the highest of any covered bond sold this year.
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AP Moeller-Maersk, the Danish shipping conglomerate, this week issued its first benchmark euro bond since issuing a profit warning in October. Investors were price sensitive, but bankers away from the a €600m seven year trade were impressed with the book size for such a challenging story.
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Demand was so strong for an agency bond tap on Thursday that the leads had to ask the issuer to increase the deal, as SSA investors scrambled to get their hands on one of the last large issues of the year.
