Deutsche Bank

Bank of England governor, Mark Carney on Tuesday told UK members of parliament the contingent bank capital market worked exactly as it should when bonds and shares suffered a sharp sell-off earlier this month.

India’s National Thermal Power Corp (NTPC) ended an absence of more than a year from the international bond market this week with a tightly priced transaction that left little money on the table for investors.

Cheung Kong Infrastructure Holdings (CKI) made a strong comeback to the dollar hybrid bond market on Monday with a perpetual non-call five. Despite the tight pricing and a structure that some considered weak, investors were keen to participate thanks to the borrower’s credentials and a lack of supply in the primary market.

The Indian government is selling down a 5% stake in state-owned NTPC that could raise at least Rp50.3bn ($739.3m), giving equity capital markets in Asia a much needed shot in the arm.

With the year not two months old, seven leading equity capital markets banks have got saddled with what is understood to be at least €50m each of Saipem shares, after the rump of its rights issue failed to sell.

Vodafone once again showed its capacity to surprise the capital markets on Monday, issuing €6bn of bonds in four tranches, only two working days after a £2.9bn convertible bond.

Tata Steel has received a new commitment at the senior level for its $1.5bn refinancing, with banks yet to join in general syndication.

Cheung Kong Infrastructure Holdings (CKI) is on track for a comeback to the dollar hybrid bond market, while India’s National Thermal Power Corp kicked off bookbuilding for a 10 year Reg S offering on Monday.

Vodafone wasted no time catching its breath after closing books on Thursday's £2.9bn convertible bond, as it announced on Friday its intention to raise up to €3bn of conventional bonds as early as Monday.

Zurich Insurance sold a Sfr200m hybrid bond on Thursday, benefiting from the relative resilience of its home market as Swiss franc investors got their first taste of insurance capital this year.

Apple's $12bn nine-tranche bond this week has not only kick-started a US corporate bond market that had been drained by weeks of volatility, but also signalled the beginning of a wave of supply from US issuers that is expected to hit European shores.

Banca Popolare di Vicenza came a step closer to launching its listing and capital increase this week, as it announced the date of a shareholder meeting to approve the deal.