Deutsche Bank

German healthcare company Fresenius this week opted to issue a €500m no-grow seven year trade following a roadshow, a choice which rewarded it with an order book that was more than five times subscribed.

UK retailer J Sainsbury’s has signed a £3.5bn loan package to back its acquisition of Walmart-owned Asda, with the company raising more debt than the cash component of the deal despite analysts raising concerns about the borrower’s recent debt levels.

Banks have been hiring staff to help financial sponsors hunt jumbo take-private deals as opportunities dry up elsewhere, writes David Rothnie.

Goldman’s Furtado heads to Citi — HNA chairman dies on business trip — Veteran loans banker Pemberton passes away — Everbright nabs structured finance boss — Chaudhry leaves Deutsche to study

More Chinese technology start-ups have come out with their IPO plans, as Pinduoduo, Aurora Mobile and Opera file their US debuts.

Inke priced its Hong Kong IPO at the low end of expectations on Thursday to raise HK$1.2bn ($152.9m), amid investor jitters about a China-US trade war.

Two corporate bond issuers from opposite ends of the ratings spectrum found similar success with new bonds on Wednesday. The seven and eight year tenors found favour with investors looking to put new cash inflows to work.

Deutsche Bahn sold 10 year Swiss franc bonds on Tuesday at a price roughly in line with its euro funding levels.

Dutch residential property company Vesteda offered euro corporate bond investors the first deal of July on Tuesday when it sold a €500m eight year trade to help refinance its acquisition of the Amstel Tower apartment block in Amsterdam.

Pinduoduo, one of China’s hottest internet start-ups, has filed for a $1bn IPO in the US, upping the ante in an e-commerce landscape dominated by Alibaba Group.

Asia’s G3 bond market has been defined by volatility this year, forcing bankers, investors and issuers alike to think on their feet during the first half of 2018. As banks fight to stay on top of the limited primary market activity, the region’s league tables have been disrupted.

Consus Real Estate, the German property development company, has fixed the terms for a €287m capital increase that it announced last month to finance its pipeline projects.