Deutsche Bank
-
Budweiser Brewing Company Apac shelved what could have been the largest float globally so far this year and the biggest in nearly a decade in Hong Kong after investors rejected its punchy valuation target, dealing a blow to the city’s IPO market. -
SMBC Nikko has added a former Deutsche Bank FIG banker to its London bond syndicate operation, GlobalCapital understands.
-
Budweiser Brewing Apac has delayed pricing its jumbo float on the Hong Kong Stock Exchange, according to a source at the company.
-
Could Deutsche Bank’s relegation from the top table of investment banks puncture Germany’s positive impression of its banking system, leading to a breakthrough in Europe's banking union?
-
Everyone had been expecting another strategy overhaul from Deutsche Bank, but no-one expected the depth of the cuts to be so brutal. The bank is to end much of its equities business and refocus on corporate banking, and shed nearly 20,000 jobs. But observers are wary about the bank’s ability to restructure without inflicting more pain than it has forecast.
-
This week saw barnstorming trades from Italy and the European Financial Stability Fund (EFSF) in euros with the long end of the curve proving to be the strong end, and now rumours are swirling around the prospect of a Greek sovereign deal.
-
-
DP World on Thursday launched a new $1bn 10 year sukuk and $300m tap of its $1bn 5.625% September 2048s, both with negative new issue premiums.
-
Last week’s tightly priced bond issue by KfW has inspired a slew of issuers to print three year dollar notes this week. The Asian Development Bank was first off the blocks on Tuesday with a new benchmark, while a tight Export Development Canada trade followed the next day.
-
Deutsche Bank’s strategic overhaul looks set to maintain the bank’s leading position in debt capital markets and leveraged finance. But it casts doubts over Deutsche’s ability to retain a top tier corporate finance franchise and could signal the slow death of its equity capital markets franchise, writes David Rothnie.
-
Budweiser Brewing Co Apac was set to price its multi-billion-dollar Hong Kong IPO at the bottom of guidance on Thursday, according to a banker on the deal.
-
Deutsche Bank’s staff were dealt a crushing blow this week when it announced a full exit from the equities business and 18,000 job cuts globally. In Asia, the move has led to the equities capital markets unit all but disappearing. Jonathan Breen reports.
