Credit Suisse

Five new IPOs were announced in EMEA this week as the market enters a crucial window in the run-up to Easter.

Deutsche Bank confirmed over the weekend that it was preparing an €8bn rights issue, alongside a fresh strategic overhaul that includes a partial IPO of its asset management division and the reintegration of Postbank.

Cerba Healthcare has scheduled the bank meeting for its much anticipated buyout loan package for Tuesday.

Nyrstar, the Belgian zinc smelting company, on Friday priced a single-B rated €400m high yield bond, and has launched a tender offer to buy back a €120m 2018 convertible bond.

China South City Holdings raised $300m on Thursday in a deal that was described as relatively straightforward, thanks to the fact that the property developer has already established a debt curve.

Mongolia has managed to escape from the brink of default with a hugely popular $600m new money plus exchange offering, as investors took heart from the recent bailout from the International Monetary Fund.

Corporate borrowers are taking advantage of rising political worry among investors by issuing short dated floating rate notes in euros which stand a good chance of bearing negative yields, write Michael Turner, Ross Lancaster and Jon Hay.

Crédit Agricole CIB said on Thursday that it has appointed Ivan Hrazdira as global sponsor of dollar debt capital markets.

German card payments firm Concardis this week increased the term loan backing Advent International and Bain Capital’s buyout of the firm to €300m, reducing price guidance in the process, in a market still waiting on larger buyouts such as Cerba Healthcare to be syndicated.

European high yield borrowers returned in force this week after a slow February, but so did issuer-friendly bond terms such as offshore listings and portability clauses. Investors have gone public with their growing fears that covenants are becoming looser.

Credit Suisse has made Ali Naqvi head of its Asia Pacific global markets division, less than a year after the team went through a restructuring.

Singapore-based agricultural and commodities firm Olam International added variety to the debt market this week with a $300m bond that had an unusual tenor, as analysts were left divided over the final pricing.