Deutsche Bank

Some of Deutsche Bank’s additional tier one (AT1) bonds plumbed new depths in the secondary market on Monday as more investors began to worry about the lender’s ability to pay coupons on the notes.

The Indian government has raised as much as Rp6.37bn ($94.2m) after selling down its 10% stake in Engineers India, with the offering more than twice subscribed - nearly four times so by retail investors.

The Republic of Indonesia has chosen five banks to work on a dollar sukuk to be sold in the first quarter of the year.

Deutsche Bank said on Thursday that it will leave its Asia Pacific business intact, highlighting the region’s strategic importance to German companies and the bank’s solid presence in the region. This, it said, gives it an edge over European and American competitors.

The Indian government is seeking bookrunners for the divestment of shares in wholly-owned Cochin Shipyard via an IPO, issuing a request for proposals to banks on Thursday.

The Dominican Republic re-opened the high yield bond market for Latin American borrowers last Friday, but, despite the new note trading above par, the sovereign is unlikely to find much company in the sub-investment grade space.

A rally this week in crude oil has reduced short-term pressures, but exploration and production firms still face existential threats as liquidity and M&A odds worsen, said analysts.

Deutsche Pfandbriefbank took a plunge into the euro senior market on Thursday, overcoming an uncertain backdrop to print a deal that leads claimed could transform its future investor base.

Peter Diamond, a managing director in Deutsche Bank's FIG origination team, has been given an expanded job as head of FIG flow for western Europe.

Ascential, the information and events business formerly known as Top Right Group and Emap, on Thursday started building the book for a London IPO that could give it a market capitalisation of up to £880m.

Cigar and pipe tobacco manufacturer Scandinavian Tobacco has set the price range for its all-secondary IPO at a “very considerable discount” to comparables, according to a banker on the deal.

Deutsche Bank will focus on 2016 as a "peak restructuring year" and its executive board will forgo bonuses as the bank attempts to regroup after a full year loss of €6.8bn in 2015.