Deutsche Bank

SSA bankers looking to get their Christmas shopping in early were in a state of shock on Tuesday, as the World Bank brought a dollar deal to follow the Province of New Brunswick’s return to the currency after a six year hiatus. But that could be it for 2017 as issuance is unlikely next week, which is bisected by a Federal Open Market Committee meeting.

The likely return of a rare sovereign issuer next week will break the silence in an otherwise quiet market for SSAs in euros, after there were just a smattering of German Lander trades this week. Meanwhile, investors believe that the rising interest rate cycle in the US could have a knock-on benefit for euro borrowers.

The Republic of Indonesia added yet another feather to its cap this week, selling its first SEC-registered bond on Monday. The sovereign has long been considered one of the most sophisticated debt issuers in Asia, and its new $4bn transaction shows how far it has come, writes Morgan Davis.

Deutsche Bank shook up the senior ranks of its equity capital markets desk in Asia this week, removing the co-head structure and merging ECM with equity derivatives. The move comes amid a global reorganisation being rolled out from the bank’s headquarters that combines the equity and debt financing units with markets. John Loh reports.

The Republic of Iceland looks set to bring its first syndication in over three years before the year end, after mandating banks on Wednesday to run a euro trade.

No deal had appeared from Growthpoint, the Johannesburg listed property company, by lunchtime on Wednesday with two investors telling GlobalCapital that the issuer was struggling to drum up enough demand. The leads later sent out a note to say that the deal had been postponed.

Nasdaq-listed Chinese tech firm JD.com will wrap up its first international syndicated loan at $1bn, double the launch size, said bankers close to the situation.

Deutsche Bank has merged its equity capital markets and strategic equity transactions group in Asia Pacific, with the move leading to some senior changes in the team, according to a source familiar with the matter.

SSA bankers looking to get their Christmas shopping in early were in a slight state of shock on Tuesday, as World Bank lined up a dollar deal to follow a Canadian province’s return to the currency after a six year hiatus.

Hong Kong-based infrastructure company CK Infrastructure sold its first euro corporate bond issue on Tuesday, despite having owned a variety of utilities and infrastructure companies across Europe for more than seven years. The response was solid if not overwhelming.

The Republic of Indonesia grabbed $4bn on Monday from its first SEC-registered bond, pricing all the three tranches within its curve while also diversifying its investor base.

Deutsche Bank’s Sunil Khaitan is joining Bank of America Merrill Lynch to lead its capital markets team in India, according to a source familiar with the matter.