Deutsche Bank
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The wave of Chinese acquisitions of Western companies has reached a new peak, with confirmation that state-owned ChemChina has sealed the deal to buy Syngenta, the Swiss agrichemicals and seeds business, for $43bn, as China seeks to secure its food supply.
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Deutsche Bank has appointed Phumchai Kambhato as its new chief country officer for Thailand, the Germany lender announced on Wednesday.
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Hangzhou Hikvision Digital Technology launched its maiden international bond on Wednesday, opening books for a euro-denominated three year trade at the Asia open.
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Cigar and pipe tobacco manufacturer Scandinavian Tobacco has received enough demand from investors to get its Copenhagen IPO done, but it is not yet covered throughout the price range.
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Italy has sold the largest ever 30 year bond in euros, a trade that is likely to inspire other issuers into the tenor amid what some bankers are calling a key time for the SSA market.
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The first missed additional tier one (AT1) coupon payment may not be the harbinger of impending doom some think, but the implications for banks’ capital costs would be severe.
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Blackstone sold on Monday night a block of shares in French property company Gecina – the second such trade in five months. Just like last time, the deal failed to clear.
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Argentina’s government reopened negotiations with holdout creditors on Monday after securing a $5bn loan from seven global banks last week.
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Lippo Karawaci has completed an early exchange offer to repurchase its outstanding notes as part of a debt management exercise. The result shows that the firm has come close to what it was expected to raise with the bond swap.
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Ascential, the information and events business formerly known as Top Right Group and Emap, has got its London IPO covered.
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Italy is set to benefit from a Bank of Japan-induced rally in eurozone government bonds late last week after mandating for a 30 year benchmark on Monday — and bankers suggest Spain could follow with a similar deal.
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P&M NotebookDeutsche Bank had a pretty dreadful 2015, and its boss, John Cryan hasn’t been shy about letting the market know. The bottom line was damaged most by litigation and restructuring, but look through to investment banking and things don’t get much better.