Deutsche Bank

A Berlin Hyp €500m five year was the success story of covered bonds issued this week from banks in the eurozone, standing out among deals that also included bonds from Caisse Francaise De Financement Local (Caffil) and Raiffeisenlandesbank Niederösterreich-Wien (RLB-NW).

Bank of Ireland and Caja Rural Unidas issued this week’s only two covered bonds from Europe’s periphery, both offering attractive concessions.

Kuka, the robotics and automation company headquartered in Augsburg, Germany, has issued a €250m Schuldschein note.

Landsbankinn walked away with €300m of three year money on Monday as Icelandic debt made a return to the FIG market.

SNS Bank raised hopes of more capital issuance when it named leads for a euro denominated tier two transaction on Thursday but the trade may be a tough sell.

Bravida, the Swedish electrical, heating, plumbing and ventilation systems installer, closed the institutional book for its IPO at noon on Thursday, and was doing allocations on Thursday afternoon. Pricing is expected to come on Friday morning.

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.