Deutsche Bank
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Deutsche Bank’s new chief executive John Cryan tops the charts for headline job losses —35,000 compared to less than 3,000 announced at Credit Suisse last week — but his plan for the investment bank is far less radical. -
Sri Lanka had to pay up to get its second dollar bond of the year across the line this week, but the money left on the table was more than worth it as the sovereign ended up raising $1.5bn, a record for the country.
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The syndication timeline for a $145m loan backing the Blackstone Group’s acquisition of some Indian assets has been pushed back.
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SNS Bank sold €500m of tier two debt on Thursday, making a convincing return to capital issuance having been expropriated by the Dutch government in 2013.
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Deutsche Bank will close several businesses in its global markets division, including market making in uncleared credit default swaps, uncleared interest rate swaps with dealers, agency RMBS trading and high risk weight securitized products trading.
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Deezer, the French music streaming website, has abandoned its IPO, after the bookbuild closed yesterday without a covered message.
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Camelia Robu and Paramvir Sethi, two senior leveraged finance bankers previously with Deutsche Bank, will take on new roles in December at HSBC’s leveraged and acquisition finance unit in London.
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Banks outside the bulge bracket are pushing to be allowed more influence and information in high yield bond syndications, which have traditionally been tightly controlled by the top banks. Victor Jimenez reports.
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Barclays has taken on a former member of Deutsche Bank’s FIG DCM team in Paris.
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The Democratic Socialist Republic of Sri Lanka has tapped the dollar bond market for the second time this year with a $1.5bn transaction. Even though the sovereign had to pay up more than in its May outing, it ended up executing its largest ever bond.
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The syndication timeline for a $145m loan backing the Blackstone Group’s acquisition of some Indian assets has been pushed back.
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ABN Amro’s IPO, one of the most hotly awaited flotations of 2015, has cleared the last hurdle needed before the deal’s launch, with the release today of an intention to float announcement.
