Deutsche Bank
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The syndicate that supplied a $405m loan on which Royal Industries defaulted, is waiting for one last bank’s go-ahead for the borrower’s waiver request. All lenders must sign off the changes before they can be implemented. -
VietJet Aviation is set to seal Vietnam’s largest domestic IPO as it heads towards the end of its management roadshow. It is giving international investors a rare opportunity to buy stock thanks to its decision to use a Reg S structure, with more privately-owned companies expected to follow suit. Jonathan Breen reports.
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Deutsche Bank’s Spanish subsidiary kept its commitment to issue around €2bn Cédulas per annum and on Wednesday issued a well-oversubscribed €1bn five year, even though the cost was much higher than the European Central Bank’s Term Long Term Refinancing Operation.
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Banca Monte dei Paschi’s shares leapt 7% on Wednesday morning, on growing hopes that a way will be found for the Italian state to strengthen its balance sheet, enabling it to achieve a €5bn capital raising demanded by the European Central Bank and avoid a bail-in.
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Deutsche Bank has appointed Elly Hardwick head of innovation, and Philip Milne as chief technology officer for innovation. Hardwick previously ran Credit Benchmark, a startup working on credit risk modelling.
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A former managing director at Deutsche Bank has joined Houlihan Lokey in newly established position leading the expansion of its European capital markets group.
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French health care group Elsan, owned by private equity firm CVC, on Tuesday announced price guidance on its €730m loan for the buyout of MédiPôle Partenaires.
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CSC Financial Co has priced Asia's last jumbo IPO of 2016, selling shares in its Hong Kong listing in the middle of expectations to raise HK$7.7bn ($992.5m).
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China's Baozun opened books on Monday morning for its first follow-on offering since its Nasdaq IPO in May last year, and is looking to raise around $85m.
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Low-cost airline VietJet Aviation has kicked off the roadshow for its IPO, in search of demand for a deal that could raise up to D4.4tr ($194.0m).
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The busy equity block trade action in Europe since the US election has continued into its third week, though market participants are beginning to brace for the outcome of the Italian referendum on Sunday.
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