Deutsche Bank

Warburg Pincus-backed logistics manager ESR Cayman opened books on Wednesday for what will be the biggest float in Hong Kong so far this year.

Volkswagen has rebooted the IPO of Traton, its trucks division, after the deal was delayed in March due to volatility in equity markets caused by the ongoing trade tensions between the US and China.

Bilfinger, the German industrial services group emerging from a troubled period, is roadshowing on Monday and Tuesday for a €250m bond it pulled in October. The market conditions are not ideal but investors are engaging with the deal.

Emerging markets trader Vikramdeep Gill is joining Bank of America in July.

ESR Cayman is poised to launch its Hong Kong Stock Exchange IPO next week.

To believe their PR, banks are now paragons of clean, sustainable economic development.

US utilities continued to dominate dollar corporate bond issuance this week, as defensive names piled into the market before trade tensions slammed the brakes on supply on Wednesday. But issuers fought back on Thursday.

The Russian sovereign could soon issue its next Eurobond, with both euros and dollars on the table. But if it does launch a deal, the move will be as much financing as it will be a political play to help defend the country from more US sanctions. Francesca Young reports.

Ecobank Transnational Inc, the pan-African bank based in Togo, tapped a $500m 9.5% 2024 bond it issued in April for a further $50m on Tuesday. But despite the note being printed flat to the outstanding, according to leads, and the original bond having rallied over 150bp in yield since pricing a month ago, the tap brought the deal in by another 25bp in secondary trading.

Portugal sold its long-awaited debut Panda bond on Thursday, becoming just the third European sovereign and the first from the eurozone to tap China’s bond market.

Emerging markets credit traders Vivek Mittal and Vikramdeep Gill have departed Deutsche Bank.

European elections, which produced relief in much of Europe and some horror in the UK, have not fazed corporate bond markets. But they may have caused this week's dearth of issuance. Illinois Tool Works' three trancher on Wednesday may be the only fruit. But investors' diaries are filling up with roadshow dates.