Deutsche Bank

On Wednesday, US car manufacturer Ford’s finance arm followed its recent trend in using the euro corporate market to fund itself in floating rate note format. The company kept its tenors short with a pair of FRNs, but found investors had a preference the shorter option.

Commodities trader Trafigura Group Pte. will meet Swiss investors next Tuesday to discuss an inaugural Swiss franc bond.

The IPOs of two Turkish retailers, Beymen and DeFacto, were cancelled at the end of last week, after failing to attract enough demand to cover the shares on offer. A third IPO, Şok Marketler, was extended to Wednesday May 9. All three were seeking to list in Istanbul.

After four years away from the high yield market, UK North Sea operator Ithaca Energy was back with a bond refinancing deal this week, as European oil and gas issuance runs well ahead of last year’s pace.

Covered bond deals issued on Tuesday by Deutsche Bank and Hypo Oberösterreich offered concessions of less than 2bp, illustrating that spreads have stabilised. With supply likely to remain low over the next few weeks, the more supportive backdrop should persist.

Real estate developer Vinhomes priced its D30.7tr ($1.35bn) listing at the top of guidance on Monday in Vietnam’s largest equity offering to date, according to a banker on the transaction.

Chinese property developer Kaisa Group Holdings has tapped Edward Lau Fu Keung, a former Deutsche Bank employee, as its chief financial officer.

A handful of Chinese investment grade rated state-owned companies are gauging investor appetite for new deals amid a weak market backdrop.

The UK Debt Management Office has announced the banks that will run the orderbooks for its first syndication of the new funding year.

The underperformance of China Aoyuan Property Group’s bond on Thursday cast a shadow over new issues from Yuzhou Properties Co and Fantasia Holdings Group Co, with pretty muted responses for both deals.

Indonesian financial services company MNC Investama raised $231m from an exchange and new money offering on Thursday, but the market backdrop and aggressive pricing made it difficult for the firm to add much to the new money portion.

How risky is it to lend money to a coal-fired power plant or an oil company? OK for another five years, perhaps — but how much longer can they carry on in the face of climate change? So far, banks have largely ducked questions like these. But from next year, more and more of them will be giving some kind of answer in their annual reports.