Deutsche Bank

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.

A range of credits from India, Malaysia and Greater China stormed the Asian debt market on Thursday, vying for investor attention.

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.

Ghana Coco Board (Cocobod), which oversees the processing and marketing of cocoa in the African country, has named the 23 international lenders providing its yearly loan of $1.8bn.

A busy FIG pipeline started to melt away this week, as speculation about Deutsche Bank’s capital and solvency position turned market sentiment sour.

The oil and gas exploration firm DEA, owned by Russian oligarch Mikhail Fridman, announced €400m of six year non-call 2.5 year senior notes with roadshows on Tuesday and Wednesday in London.

Deutsche Bank jitters are spreading again, about seven months after the last round of panic washed over the troubled bank. The cause, this time, seems to be that German chancellor Angela Merkel ruled out a bailout, even if US regulators impose a settlement for RMBS mis-selling so large it threatens the solvency of the bank.

Stadshypotek attracted a robust following for its first covered bond backed by Finnish assets, and even though the final spread was much tighter than leads initially indicated, few investors fell out.

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.

Mitsui & Co subsidiary MBK Healthcare has pocketed MR1.0bn ($249.7m) after offloading a chunk of its shares in IHH Healthcare, with the leads having to walk investors up from the bottom of the price range.

Public sector borrowers hit screens with dollar deals on Monday that are in keeping with a market that has been very much focused on the short end of the curve over the last few weeks.

A seven year senior bond from NordLB was the only trade in the public euro market on Monday morning, after a weak opening riskier issuers' plans on pause.