Deutsche Bank

The lawsuits over alleged manipulation of the SSA market have spread further, with more dealers and individuals named in a court filing. Citi, HSBC, RBC and TD Bank have now been added, as well as Bank of America, Crédit Agricole, Credit Suisse, Deutsche Bank and Nomura. The suit also draws in the new issue market, alleging that the traders were able to front-run new issues yet to be announced or in book-building.

Rare covered bond issuers from Portugal and Spain made a surprise return to the market this week after long absences with transactions that, under the circumstances, were very well received.

Banco Santander Totta did well to raise €1bn of seven year funding on Thursday at a record level through govies, given the damaging ramifications for peripheral Europe that would follow if France’s far left and far right presidential candidates made it through to the second round of voting.

India this week teed up the first divestment of the 2017/18 financial year and it hit a hole-in-one, after investors bundled into the book as soon as it opened. With the government rushing out requests for proposals for more sell-downs, the success of its debut is a sign of things to come, said equity market bankers in the country. Jonathan Breen reports.

China Rapid Finance and Bright Scholar Education Holdings are venturing stateside to raise more than $300m from their IPOs.

Deutsche Bank has launched separate exchange and tender offers on its $4.5bn 4.25% 2021 bonds in a bid to maximise the amount of total loss absorbing capacity eligible (TLAC) senior debt it has outstanding.

Adekunle 'Ade' Ademakinwa, who left Deutsche Bank's FIG syndicate operation in January, has joined Nomura as head of EMEA credit debt syndicate.

China’s Times Property Holdings sealed a quick $225m deal on Wednesday to reach the upper limit on its offshore issuance cap for the year.

Chinese corporate names Want Want China Finance and China SCE Property were out in the market on Thursday morning.

Lorcan O’Shea, head of UK and Ireland equity capital markets at Deutsche Bank, has left the bank.

Portugal’s Banco Santander Totta has mandated leads for the first Portuguese covered bond since October 2015.

Chinese school operator Bright Scholar Education Holdings is set to start investor education for its US IPO, which is expected to raise $200m, according to a source close to the deal.