Deutsche Bank

Saxony-Anhalt increased the size of a new three year dollar deal on Wednesday after squeezing pricing tighter twice during two days of marketing.

Deutsche Bank, its balance sheet and the market it operates in are worlds away from where major financial institutions stood in 2008 — so those scaremongering either have their own incentives for doing so or should know better.

St. Louis-headquartered Belden, the communications equipment manufacturer, launched €200m of 10 year non-call five notes on Tuesday morning, as the high yield market looks to maintain issuance momentum following a bumper September.

Nets, the largest Nordic digital payments processing company, has confirmed that Deutsche Bank stabilised its share price after its IPO on September 23, when the company’s share price closed at Dkr145, down 3.3%, on its first day of trading.

Seven banks subscribed to a $297m loan for Blackstone’s acquisition of Indian fintech firm Mphasis during general syndication. The deal was initially conceived as a $405m facility but the amount was reduced after an open offer.

OfficeFirst Immobilien, which owns a German office portfolio spun off by IVG Immobilien, has opened the books for its Frankfurt IPO, with a price range that could value it at up to €1.82bn.

ConvaTec, the UK medical supplies company, has announced plans for an IPO of at least $1.8bn (£1.4bn) on the London Stock Exchange this autumn in an intention-to-float document issued on Monday morning.

Banks showed a clear preference for dollar-denominated primary issuance in the third quarter, as the euro market grappled with heightened volatility.

Thailand-based Kasikornbank’s Hong Kong branch and Malaysia’s RHB Bank navigated a crowded Asia bond market to bag a combined $900m.

In this round-up, the European Central Bank renews its RMB swap line, Swiss Re increases its RMB qualified foreign institutional investors (RQFII) quota, and CLS facilitates netting for RMB foreign exchange transactions. Plus, a recap of our coverage this week.

Intense fear about Deutsche Bank’s capital position has once again threatened to mess with the best laid plans of Europe's banks. But the once bulging subordinated bond pipeline may not have emptied out entirely, and that suggests investors are still willing to buy bank bonds.

Deutsche Bank isn’t even close to being the most-litigated-against bank in the post-crisis era — that honour goes to Bank of America, which has paid more than $150bn in fines, settlements and lawsuits since the crisis. But any potential settlement it strikes with Department of Justice over RMBS mis-selling will keep on hurting the bank's peers, for years afterwards.