Deutsche Bank

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.

Higher oil prices, a new governing regime and an agreement with the International Monetary Fund are all expected to fire up demand for the Republic of Angola’s first Eurobond since 2015, though there is a question mark over how receptive the market will be for long dated debt.

Jefferies has hired a veteran M&A banker from Deutsche Bank to join its power and infrastructure utilities team.

Techcombank priced Vietnam’s largest ever IPO this week at the top of guidance, raising D21tr ($922m).

Karen Pang, an equity-linked banker based in Hong Kong, has left BNP Paribas for a new role in Deutsche Bank, according to two sources with knowledge of the move.

GlobalCapital met a senior banker at a rival firm this week, who, when asked what he’d do as chief executive of Deutsche Bank, mimed placing a gun to his temple. Chief executive Christian Sewing has been in the job less than a month, and has opted to turn his gun on the bank’s US business instead.

Deutsche Bank unveiled another major restructuring on Thursday, rebranding itself as a European bank with global reach, and promising to cut back on local commitments in the US and Asia, as well as slashing US rates, global equities, and prime finance. The announcement came alongside results one analyst described as “a relatively poor set even by Deutsche Bank standards”.

Karen Pang, an equity-linked banker based in Hong Kong, has left BNP Paribas for a new role in Deutsche Bank, according to two sources with knowledge of the move.

Beijing Enterprises Water Group (BEWG) raised $500m on Tuesday to retire a bond maturing in May, finding support from investors despite the numerous unrated state-owned options available to them.

South Africa’s largest real estate investment trust (Reit) Growthpoint raised $425m on Tuesday.