Deutsche Bank

Gazprom has announced plans for a UK roadshow next week ahead of a potential return to the sterling bond market.

With just over three weeks to go until Easter, the latest wave of IPOs in EMEA is progressing well. One deal was priced on Tuesday and bookbuilds have begun for two more.

The Republic of Indonesia launched a two-tranche sukuk on Wednesday, offering investors five and 10 year dollar options for its annual pursuit of Islamic financing.

The European Investment Bank on Tuesday became the sixth European public sector borrower to hit screens in sterling since March 13, tapping a January 2020 line for £250m. But UK inflation figures could put an end to the currency's run in the sun. Meanwhile, investors and banks discussed what form the next UK Gilt syndication should take.

The Netherlands' Achmea Bank is looking to raise funds in the Swiss franc bond market in the near future, having mandated three banks to take it on a roadshow next week.

Deutsche Bank’s latest wheeze to pay its best and brightest might look like a crafty sleight of hand typical of weaselly bankers. But having announced a pared-back bonus pool just a few weeks ago, it transpires the firm has ear-marked extra dosh to make up for it. Under the hair shirt was a silk vest all along, one might think. However, Deutsche has no choice but to pay the market rate for staff if it is to deliver any return to shareholders.

Korea National Oil Corp (KNOC) took advantage of the positive market on Monday to price three $500m tranches of new notes at an attractive price, while still offering investors some cushion on the fixed rate portions.

The leads on Indian data analytics firm Mu Sigma’s $400m fundraising have invited lenders to join at the sub-underwriter level, according to bankers.

Nederlandse Waterschapsbank has become the latest in a string of public sector borrowers to turn to the sterling market.

Deutsche Bank achieved a headline cut in its bonus pool of nearly 80% for 2016 to €500m. But this is dwarfed by the €1.1bn the bank is paying in ‘retention awards’, which it insists are not part of 2016 compensation, but a way to keep essential employees at the bank.

Shares in Deutsche Bank, the largest bank in Germany, fell 2.7% on Monday morning after it published its 2016 annual report and launched its €8bn two-for-one rights issue.

Pfleiderer, the Warsaw-listed wood-based materials maker, has re-entered the leveraged loan market with a €450m deal.