Deutsche Bank

Banca Popolare di Vicenza on Thursday launched premarketing for its €1.5bn IPO and capital increase, after a period of uncertainty when UniCredit, the underwriter, had cast doubt on whether it could be completed by the end of April deadline.

The European high yield bond market burst into life this week with the largest single tranche deal of the year and — more significantly, said some bankers — the first euro deal from a US issuer.

Slovenian Sovereign Holding, which manages state assets, has chosen Deutsche Bank as financial adviser for the privatisation of Nova Ljubljanska banka. It will probably be done as an IPO, possibly this year.

Covered bond borrowers in the UK, Sweden, France, New Zealand and the Netherlands met with strong receptions for their transactions this week, which collectively raised nearly €6bn.

The Schaeffler family’s €1.24bn clear-out block trade in Schaeffler non-voting shares failed to clear on Monday night, leaving the four lead banks long of the stock.

The Joint Laender reached its 50th deal two months after it was forced to postpone a planned transaction, printing a €1.5bn seven year benchmark that proceeded smoothly this time round.

Rather than cherry picking its favourite banks for its $10bn sovereign loan, the Kingdom of Saudi Arabia will “pull together a handful of banks” to get the deal done, according to a banker in discussions with the sovereign.

Deutsche Bank made its second visit to the senior unsecured market within a month on Thursday, offering investors an eye catching price for a two year floating rate deal.

Singapore’s PSA International braved a crowded market on Tuesday to make a return to dollar bonds after a six year absence. The rarity of the name worked in the issuer’s favour, allowing it to meet its key pricing objective.

Singapore’s PSA International broke its six year absence from the bond market in style on Tuesday, raising $500m in a deal that met its objective of pricing inside the curve of the closest comparable.

A March recovery in European bank stocks is looking short lived after Barclays warned investors that first quarter investment banking revenues would be poor, and Italian banks resumed their slide.

A FIG banker has left Deutsche Bank, after just over five years at the firm.