Deutsche Bank
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We noted last week that Deutsche Bank could soon become the widest name in the Markit iTraxx Europe index if its credit deterioration continued. It came to pass perhaps sooner than many expected, with its senior five year spreads closing at 251bp on Monday, 6bp wider than Glencore.
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France's Total became the second European issuer of a corporate hybrid in two days, following EnBW’s successful deal on Wednesday. -
Stadshypotek attracted a wealth of demand on Monday for its first covered bond backed by Finnish mortgages, and priced the deal much tighter than initially indicated with few investors falling out.
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NordLB decided to pull a seven year senior transaction from the market on Tuesday, as speculation about Deutsche Bank’s health hit financial credit spreads and dampened investor sentiment.
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PKO Bank Hipoteczny has mandated leads to go on a roadshow with the first euro benchmark covered bond from Poland.
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Deutsche Bank is not simply too big to fail, it is too big to function. It's time to shrink.
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Société Générale returned to the green bond market this week, in the first sign that primary markets could quickly bounce back despite the noise around Deutsche Bank.
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The Islamic Republic of Pakistan is returning to the international debt market for a dollar sukuk after a gap of two years.
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Panama’s Global Bank has announced a tender offer for its structured covered bond.
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There has never been a better time to be an FX banker in Asia as the region captures a bigger share of global activity driven by the rise of the renminbi and increased capital flows to and from the continent. Technology is also playing a bigger role but the best franchises from Asiamoney’s FX Poll 2016 combine that with top notch advisory, and geographical and product clout. Lorraine Cushnie reports.
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A range of credits from India, Malaysia and Greater China stormed the Asian debt market on Thursday, vying for investor attention.
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Société Générale returned to the green bond market with a five year issue on Wednesday, as the FIG market showed signs of stability despite continued speculation about the risks facing Deutsche Bank.
