Deutsche Bank

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.

China Railway Rolling Stock Corp hit the equity-linked market this week for $600m, becoming only the second firm to print an H-share CB in Asia since 2007. The deal, which follows a similar issue from a Chinese peer earlier this month, has set in motion the transition from a rare deal type into a regular funding option.

China Development Bank (CDB) reopened a dual-currency transaction on Wednesday, bagging a $2bn equivalent from the euro and dollar tap. With strong demand from onshore investors, the policy lender was able to cut cost while raising more than the size of the original bond.

The Indian government is to sell down a 10% stake in oil and gas company Engineers India via an offer for sale on Friday and is hoping to net around Rp6.63bn ($97.69m) based on its market capitalisation.

European banks continued with their cautious approach to primary markets this week, but with covered bonds returning to the fore hopes are rising for a more exciting February.

The treatment of senior unsecured debt in Germany and Italy has led to the downgrading of a number of banks' ratings by Moody's.

Qatar has signed its $5.5bn five year loan with 13 banks in the syndicate. The six underwriting banks are holding at least $4.2bn of the loan between them, according to a banker on the deal.

Lippo Karawaci has announced the minimum yield for a new dollar-denominated senior offering due 2023, as it aims to switch holders out of a 2019 bond into a longer four year deal.

Trading in Saipem, the Italian oil and gas engineering company, had to be suspended on Monday, the first day of the firm’s €3.5bn rights issue, due to heightened volatility in the stock.

DekaBank made a rare appearance in the public bond market on Monday, but found itself the only FIG borrower active in euros as sentiment took a turn for the worse.

The Dominican Republic gave a further indication of Latin American borrowers’ new pragmatic attitude to market access by taking the unusual step of raising $1bn of 10 year money on a Friday.

Singapore's Housing Development Board returned to the domestic market last week, raising S$1bn ($700m) from a deal that showcased the issuer’s strong credentials among Singapore dollar bond investors.