Deutsche Bank

Intertrust, the Dutch corporate and trust services company, made its debut on the Amsterdam stock exchange today (Thursday) after pricing its €486m IPO near the bottom of the range on Wednesday.

Barclays already has a clear strategy for its investment bank and now it could be about to appoint the CEO to deliver it. But bigger questions lie ahead for all of Europe’s banks to remain competitive, writes David Rothnie.

Capita, the business process services company, has entered into a £450m bridging facility with two banks.

SNS Bank named leads for a euro denominated tier two transaction on Thursday. The trade may be a tough sell, bankers thought, but brought some hope for future capital supply.

Intertrust, the Dutch corporate and trust services company, has closed the book for its IPO, which is set to raise at least €522m.

Santander and BBVA both looked to the dollar market to secure senior funding on Tuesday amid a bare session for European FIG issuance.

CDB Leasing Co, an arm of China Development Bank, is planning to raise around $1bn via a Hong Kong IPO in the first half of 2016, with three banks expected to lead the transaction.

The third largest takeover is on. Brewer SABMiller has agreed to be bought by Anheuser-Busch InBev for £68bn, in a deal that shows continued investment confidence in Africa — one of the main attractions of SABMiller for InBev, which is weak in the continent — bucking the trend of pullback from emerging markets.

China Merchants Bank (CMB) and Deutsche Bank signed a memorandum of understanding (MOU) on global banking services on October 12. The agreement aims to facilitate CMB’s expansion under the Belt and Road initiative by leveraging Deutsche worldwide network and global infrastructure, Tang Zhi Hong, executive vice president of China Merchants Bank, told GlobalRMB.

Bravida, the Swedish electrical, heating, plumbing and ventilation systems installer, narrowed the price range of its IPO on Tuesday morning, inside the top half of the original range, meaning the deal is likely to raise at least Skr2.8bn (€305m).

Metro Retail Stores Group started pre-marketing its Ps5.61bn ($119.90m) IPO on Monday, with joint global co-ordinators BPI Capital and Deutsche Bank expected to meet investors over the week.

Landsbankinn was set to walk away with €300m of three year money on Monday, but bankers said investor confidence even after a stronger week of trading remains low.