Deutsche Bank

NLFI, the Dutch state agency, has chosen the global coordinators for the IPO of insurer ASR Nederland, relenting very slightly on the skinny fees it paid on the flotation of ABN Amro last year.

Nyrstar has obtained 99.79% of the votes cast in a second extraordinary general meeting to approve its rescue rights issue. The Belgian zinc and lead producer had failed to reach a 50% quorum at an EGM last month.

The European Investment Bank and the Federal State of Berlin announced on Monday their intention to print in euros in a week in which the European Central Bank is expected to make a decision regarding interest rates.

Oak Hill Advisors’ co-head of European investments has retired after a career of at least 30 years.

HeidelbergCement, the German building materials manufacturer, has done part of the financing for its acquisition of ItalCementi in the Schuldschein market, but insists it is not afraid of volatility in the bond market.

Emerging markets bankers were treated to a new name on Monday as Banque Ouest Africaine de Développement (BOAD) announced a roadshow for its debut bond.

IDBI Bank’s top management are doing the rounds with investors as they try to drum up interest for a Rp38bn ($561.3m) qualified institutional placement.

Lippo Karawaci has launched an exchange offer and consent solicitation, aiming to switch holders out of a 2019 bond into new 2023 notes.

Several major Italian ECM deals are set to move forward in the next few weeks. Saipem, the oilfield services company, will open subscription for its €3.5bn rights issue on Monday January 25. And Veneto Banca is set to announce in the next couple of weeks more detail of its €1bn capital increase and flotation, to be completed in April.

Anheuser-Busch InBev’s $46bn seven tranche bond issue this week defied expectations that the brewer would have to pay up to finance its takeover of SAB Miller. InBev took out nearly two-thirds of its acquisition financing in one go.

A strong start to public sector dollar issuance in 2016 fell away this week, as volatile swap spreads returned and worries over the health of the Chinese economy made printing further along the curve difficult.

Covered bonds issued this week from Lloyds and Bank of Nova Scotia were among the largest seen this year and attracted the biggest order books.