Deutsche Bank
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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.
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Two issuers made an opportunistic move in sterling on Tuesday, taking a combined £400m with a tap and a new issue.
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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.
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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.
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Banque Fédérative du Crédit Mutuel (BFCM) sold its first Swiss franc bond since 2014 on Monday, as international visitors to the market increase.
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Korea’s Asiana Airlines has swooped into the syndicated loan market for a $150m deal, picking two banks to run it.
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India’s Jindal Steel & Power is understood to have asked banks to relax a covenant on a $400m borrowing sealed in April 2013.
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Albania returned to the international market for its second ever bond deal this week, raising a sum larger than it needed in a result that drew approval from rival bankers
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Showroomprive and Skandiabanken priced initial public offerings at the end of last week, though both struggled in the aftermarket.
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McCarthy & Stone, the UK’s leading builder of retirement homes for sale, closed the book for its London IPO at 1pm on Thursday, saying orders below 180p a share were expected to miss.
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Deutsche Bank is set to go on the road and market its first Cédulas Hipotecarias while DBS Bank of Singapore is set to market the first Asian covered bond in sterling
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Six borrowers raised nearly €5bn in the covered bond market this week, once again surpassing supply expectations. The star attraction, notable for both its size and tenor, was a €1.5bn three year from the Norwegian issuer, Sparebank 1 Boligkreditt.