Deutsche Bank
-
Deal includes $1bn 3.75 year term loan -
The German pharmaceutical wholesaler was upgraded to BBB- by S&P last month
-
Oil major attracts 20 banks to two year loan underwritten by BNP Paribas and Société Générale
-
◆ Largest euro SNP book since February ◆ Extra spread on offer versus other major bank issuers ◆ Instant secondary performance
-
Financial institutions specialist heads to German bank
-
The new European Secured Note market is keen to secure regulatory recognition for the new product but there are advantages to not having it
-
Borrowers have been busy already this year so the pressure to issue is off
-
◆ German issuer's covered was 3bp inside previous tightest ◆ Banker said tightest covered for 2.5 years ◆ Third German covered bond this month
-
◆ Order book peaked at close to €2bn ◆ Issuer announced plan to launch ESN in May ◆ Analysts predict mixed fortunes for instrument in the immediate future
-
Kangaroo and Panda market grow as banks create US dollar FRNs to meet Asian demand
-
◆ Pricing competitive to euros ◆ Deal the largest from a European corporate in 12 years ◆ Diversification drive fuels bumper Swiss franc year
-
◆ Order book peaked at over €3bn ◆ Finnish lender tightens both tranches by 6bp ◆ Issuer's previous covered was in March
