Deutsche Bank

Gestamp Automoción, the Spanish car parts maker, has completed the largest Spanish IPO of the year so far, having priced the deal at the bottom of its initial price range late on Wednesday.

India’s JSW Steel raised $500m from its new five year notes on Wednesday, finding strong support from European accounts familiar with its credit and business.

Issuers from Greater China, including Yanzhou Coal Mining Company (Yancoal) and Regal Hotels International Holdings, have opened books for new perpetual notes, while China Oil and Gas Group has mandated firms for its return.

Modernland Realty launched a new dollar deal on Thursday, following on the success of other high yield Indonesian names this year.

FMS Wertmanagement has picked four banks for a short end euro transaction, making the most of the reopening of an area of the curve that has hosted very little public sector issuance in the past year.

The dollar market was on spectacular form on Wednesday, with a Canadian province pushing out a rare 10 year bond, a supranational smashing its size record and a $4bn five year from a German agency.

NLFI, the organisation that manages investments for the Dutch government, has completed its second block trade of shares in ASR Nederland, the insurer that was nationalised during the financial crisis.

Spanish car parts supplier Grupo Antolin found strong demand for its refinancing deal on Thursday in a high yield market where new bond sale volumes have dropped to less than a third of March’s €3bn average.

Three senior members of Deutsche Bank’s Asia debt and equities teams have left, with two of them jumping ship to Credit Suisse.

Putting a career transaction banker in charge of Deutsche Bank’s business in Asia made some sort of statement. But of what, exactly? That Deutsche’s old markets powerhouse is no longer in the driving seat? Or that it can be a model for the revival of Deutsche globally?

Public sector borrowers are lining up a three pronged attack on Wednesday in a dollar market that is enjoying its widest swap spreads of the year. Quebec is attempting the first 10 year dollar benchmark since the first week of the year, KfW is out in fives — a part of the curve that has also become attractive in euros — and the Inter-American Development Bank is coming at the short end.

Deutsche Bank's treasurer, Alexander von zur Mühlen, is returning to the group's investment bank, which he left in 2009. Dixit Joshi, who was most recently head of the debt institutional client group and head of listed derivatives and market clearing, will replace him.