Deutsche Bank
-
Deutsche Bank returned to the covered bond market to issue a perfectly choreographed Pfandbrief. The deal was launched into a relatively quiet market and quickly attracted strong demand, enabling leads to set terms very early in the day despite underlying market concerns. -
Financial institutions have largely shied away from raising debt in the euro market this week, despite a general improvement in financing conditions. With banks cautious about a number of possible risks to market stability, issuance volumes could be set to remain subdued.
-
CPPIB Capital was comfortably oversubscribed for its $2bn trade on Monday with the dollar SSA market remaining attractive at the short end. Agence Francaise de Developpement, KfW and Kommuninvest will look to tap into lucrative conditions in the currency after mandating banks for deals on Tuesday.
-
On Monday, the US deliveries group FedEx returned to the euro corporate bond market for the first time since its debut visit in 2016 when it raised €3bn to finance its purchase of Dutch peer TNT Express. That deal was a four-tranche combination, but its latest deal was just a €500m 3.5 year deal to refinance the shortest tranche of the debut deal.
-
On Friday, American data centre owner Digital Realty sold the first green corporate bond in euros of 2019, but investors did not have long to wait for the second one as Italian energy company Enel also chose to issue in the format.
-
China’s Dalian Wanda Group has filed for a US IPO of up to $500m for its sports business, according to a source close to the deal.
-
Shandong Qingyuan Group has closed a $430m one year self-arranged club loan with five participants.
-
All eyes were on Sunac China Holdings on Thursday when it executed a deal that was six times covered at its peak. Despite the competition, Redco Properties Group also managed to walk away with a new bond, thanks to the flexibility of the 364-day format.
-
Tencent Holdings-backed Weimob raised HK$845m ($107.8m) after pricing its IPO at the bottom of the indicative range on Thursday, a bit behind the original schedule, according to a banker close to the deal.
-
-
Guarantor: Kingdom of Belgium (51.41%), Republic of France (45.59%) and Grand Duchy of Luxembourg (3%)
-
