Deutsche Bank
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Delhi International Airport (Dial) offered investors a rare 10 year high yield bond on Tuesday, securing the company $350m from a more than six times subscribed order book. -
Ecobank Transnational Incorporated, the pan-African bank based in Togo, has released price guidance for a $50m tap of the $500m 9.5% 2024 bond it issued in April. There has been a huge rally in those bonds since pricing.
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Online education platform GSX Techedu has launched the deal roadshow for its New York Stock Exchange IPO, in which it is targeting proceeds of up to $227.7m.
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Deutsche Bank CEO Christian Sewing has pointed the way to further cuts in the corporate and investment bank, speaking at the firm’s annual general meeting on Thursday.
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The World Bank is due to return to the bond markets for around $5bn by the end of June, as the issuer seeks to complete its funding programme by the end of its fiscal year.
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Germany’s Salzgitter has closed a €350m-equivalent dollar and euro Schuldschein, with the steel products and tube maker blowing past its initial €200m launch amount.
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High yield property company Kaisa Group Holdings sold its third dollar bond of the year on Wednesday, riding on the high of its recent rating from Moody’s to raise $400m.
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Associated British Ports is planning to become the first bond issuer to solicit the consent of bondholders to change the terms, so that the coupon switches from Libor to Sonia.
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Indiabulls Housing Finance raised $350m in its debut dollar transaction on Tuesday.
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Thomas Kønig has resigned from his job as head of the Nordic institutional clients group at Deutsche Bank, and will be moving to Goldman Sachs Asset Management.
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NRW.Bank has joined the list of dollar issuers this week, as the beneficial euro/dollar swap spread for euro funders and tight spread over Treasuries for dollar names proves an attractive lure.
