Deutsche Bank

Miles Millard, co-head of corporate finance and head of capital markets and treasury solutions, will leave Deutsche Bank, as the firm revamps its investment bank management structure.

The Asia ex-Japan bond market sprung to life on November 12 with China Huarong Asset Management, China State Construction Engineering Corp and Beijing Properties opening books for dollar bonds, while Korea Housing Finance Corp (KHFC) opted for a covered bond and Malaysia’s Axiata Group, a sukuk.

Anheuser-Busch InBev, the Belgian-Brazilian brewer, submitted a final recommended offer for SABMiller on Wednesday, having raised a record $75bn loan to support the transaction.

Alliance Data Systems, the unrated US private label credit card and marketing services provider, is set to end meetings with European investors on Thursday for €300m of unsecured notes, its first euro issue.

Anheuser-Busch InBev has secured a $75bn syndicated loan, which has been described as “the world’s largest ever loan”, for its £71bn recommended acquisition of SABMiller.

Kino Indonesia opened books for its Rph1.5tr ($110m) IPO on November 10 with a strong shadow anchor book built ahead of time, giving the leads visibility on the whole transaction.

ABN Amro has started bookbuilding for its re-privatisation IPO of at least €3bn and got the deal covered. One banker said the deal looked "cheap as chips" at the bottom end.

Two issuers made an opportunistic move in sterling on Tuesday, taking a combined £400m with a tap and a new issue.

Over the last decade no bank has drawn more criticism for executing CEEMEA bonds for low or no fees than Deutsche Bank. That the bank is now pulling back from this region should be an example to other banks, and to issuers, that it is difficult to build a sustainable business this way.

A supranational is set to add a new point on its curve this week, as a German region prepared to bring its third benchmark of the quarter.

Banque Fédérative du Crédit Mutuel (BFCM) sold its first Swiss franc bond since 2014 on Monday, as international visitors to the market increase.

Korea’s Asiana Airlines has swooped into the syndicated loan market for a $150m deal, picking two banks to run it.