Deutsche Bank
-
All of the top five DCM banks by revenue are US houses — for the third year running — though the resurgent Barclays cracked the top five by volume this year, according to full year 2018 figures from Dealogic.
-
Emerging market issuers are hesitant to rush back into the market in the new year. Most are waiting on the sidelines until the tone becomes more settled and investor desks are fully staffed. -
-
The European Investment Bank and KfW comfortably raised a combined £2.25bn on Thursday after receiving whopping investor demand for benchmark trades. This Friday is set to add to the sterling glut, with deals from the Asian Development Bank, Bank Nederlandse Gemeenten and Swedish Export Credit Corporation.
-
Uzbekistan could announce roadshow dates as early as next week, having put ratings in place and picked banks for its debut Eurobond.
-
Several Chinese borrowers ventured into the bond market at the end of December, locking up last-minute deals that were mainly supported by anchor orders.
-
The Hang Seng Index’s appalling start to the new year has made ECM bankers and investors ultra-cautious about the market, and most participants are taking a wait-and-see approach. Christie Ou reports.
-
KfW and the European Investment Bank mandated banks on Wednesday for the first sterling SSA deals of the year. Public sector borrowers are looking to pile into the sterling market before the crunch vote by the UK Parliament on Theresa May’s Brexit deal in mid-January, with deals expected in both Sonia-linked and fixed rate formats.
-
Considerably cheap valuations have made Weimob, a Tencent Holdings-backed company that is on the road with its Hong Kong IPO, an attractive proposition for equity investors, according to a source close to the listing.
-
The global high yield bond market has produced $320bn of new issues in 2018, up to December 21, 43% down on last year’s total of $563bn, according to Dealogic. Sentiment has turned progressively more bearish as the year has worn on, with concerns about US-China trade hostility and overvaluation of US equities biting.
-
Deutsche Bank said it has been granted exemption from a financial penalty by the European Commission after the bank was accused — along with three others — for breaching antitrust rules in the trading of SSA bonds.
-
The European Commission said on Thursday that it had informed four banks that have, in its view, breached European Union antitrust rules in trading SSA bonds in the secondary market that it is investigating them.
