Deutsche Bank

CEVA Logistics, the freight management and contract logistics company listing in Switzerland, has narrowed the price range on its IPO. The books are covered in excess of the deal size in the bottom half of the range.

Despite expectations of a slowdown in the pace of issuance in the European high yield market, two borrowers brought €2.9bn of new bonds this week. Both issuers, Spanish construction firm Aldesa and Italian banking payments group Nexi, marketed refinancing deals.

Bankers do not expect Moody’s downgrade of Angola last week will have any bearing on the price of the new issue, which is expected on Wednesday.

T-Mobile US has lined up $38bn of fully committed loans to finance its $26bn purchase of US telecommunications company Sprint.

Lebanon’s Blombank on Friday issued $300m of debt but the deal was most likely locally placed, according to international investors, who did not get involved because it offered no spread over Lebanon’s sovereign curve.

Metinvest, the Ukrainian metals and mining company, has refinanced the bulk of its pre-export finance (PXF) facility through the loan market, though some of its lenders have switched out of the loan to buy its concurrently issued bonds.

Real estate developer Vinhomes has launched bookbuilding for its D31.8tr ($1.4bn) listing, set to be Vietnam’s largest equity offering to date.

Sweeping US tax code reforms could have a big impact on banks with intermediate holding companies in the US, perhaps forcing them to fund from the IHCs directly, rather than from their parent companies.

Polyphor, the Swiss pharmaceutical company, began bookbuilding on Friday for its IPO on the SIX Swiss Exchange, with a price range that values it at up to Sfr401m.

Hanover has become the first city to issue a green Schuldschein. The hope is that this transaction will be the first of many.

Deutsche Bank said on Wednesday that it had launched a new artificial intelligence tool called alpha-DIG, to comb unstructured, text-based information and help investors incorporate more non-financial factors into their analysis. The tool will use legitimate financial news rather than social media sources, as well as looking at corporate reporting.

Mining company Polymetal has converted an existing $80m bilateral credit facility with ING into a sustainability-linked loan. It is the first loan market activity from Russia since the US announced a fresh round of sanctions against some of the country’s oligarchs.