Deutsche Bank
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Deutsche Bank has firmly denied that its removal from the Belgian Debt Agency’s list of primary dealers has any wider implications for its public sector debt business — but the move has left rival bankers fretting about the health of the sector.
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Eurofins Scientific, the French laboratory testing company, tried and failed to raise €339m of new capital in an overnight block trade on Wednesday night, despite the very strong recent performance of its shares. -
American Honda Finance visited the sterling bond market for a £250m seven year deal on Monday, in the same week that Total and Daimler also raised short dated sterling bonds.
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Goodyear Dunlop Tires, the US tyre maker, issued €250m of eight year senior notes on Wednesday. The notes are rated Ba1/BB, with a coupon of 3.750% and non-call protection of three years.
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David Lloyd Leisure, the TDR Capital-owned UK gym and spa firm, and Cooper, the French pharmaceuticals distributor, widened loan pricing this week as the leveraged market became increasingly selective.
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Intesa Sanpaolo issued a €1.25bn 10 year covered bond on Wednesday, a transaction that did not initially seem to be an obvious trade, but which in the end proved very successful.
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Unitymedia, the German cable operator, this week priced €420m of senior secured 10 year notes to yield 4.625%, the wide end of price talk.
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CRCC High-Tech Equipment Corp has raised HK$2.8bn ($360m) from a Hong Kong IPO after pricing near the floor of its range.
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China National Bluestar is in the market with its second dollar bond of the year, opening books to a perpetual non call three transaction on December 10.
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Unitymedia, one of Germany’s largest cable operators, launched a €420m senior secured high yield bond today.
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African Development Bank brought in more than $600m of orders for a no-grow $500m December 2018 global green bond on Wednesday, a deal that bankers involved felt might not have worked as well without the socially responsible investment tag.
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Deutsche Bank will not be a primary dealer for Belgium in 2016, after the country’s minister of finance, Johan Van Overtveldt did not reappoint the German bank in its updated list for 2016.
