Deutsche Bank
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The owner of Forterra, the UK maker of masonry products, intends to sell at least a quarter of the firm’s stock in an all-secondary deal that could fetch about £200m.
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Spreads on bank bonds have wound tighter this month on improved sentiment following more ECB stimulus, feeding greater optimism around banks' first quarter results.
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The Government of Mongolia is out with a 144A/Reg S bond, more than two months after holding meetings with potential investors. Delayed by a series of negative macro factors, the sovereign is offering an attractive yield when compared with its outstanding notes.
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Four lenders are close to being mandated for a $400m fundraising for Maybank, according to sources.
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Two equity block trades or rapid sales were completed successfully in Europe on Monday night.
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First quarter bank results will likely be miserable, but an ECB-inspired bounce-back could save the day in the second quarter for banks most exposed to euro-denominated bond issuance, according to research from Deutsche Bank’s equity team.
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Latin America development bank Corporación Andina de Fomento (CAF) this week returned to the Australian dollar market with a dual tranche bond, its first outing in the format since August 2015.
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After a barren year of sterling bond issuance from international borrowers, a dry patch that some thought would last until the Brexit referendum in June, an Australian company finally broke the silence on Wednesday.
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German retail bank Postbank is expecting to regain its independence from Deutsche Bank by the middle of the year.
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Senvion, the German wind turbine maker, listed in Frankfurt on Wednesday after a tortuous process that saw the firm’s owners pull its IPO last week, then grudgingly relaunch it just five days later in a shrunken, cheaper format.
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Deutsche Post, the German courier, issued a €1.25bn dual tranche bond on Wednesday, winning a large order book as investors hurled money at the market.
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Investors continued to pour money into the US corporate bond market this week as March's rally in high grade bonds turned the market positive for the year.