Deutsche Bank

SSA borrowers shrugged off a hiccup by the Province of Ontario this week to issue a series of strongly supported benchmark euro deals.

Schaeffler successfully priced its Frankfurt IPO on Thursday. But the final size of the deal left the owners of the German ball bearing maker with far more shares than they had originally hoped.

Deutsche Pfandbriefbank was on track to print €500m of long two year debt after navigating the now familiar struggles of German senior debt issuance on Thursday morning.

Deutsche Bank’s announcement on Wednesday evening that it expects to report a net loss of €6.2bn in the third quarter isn’t expected to affect the bank’s additional tier one (AT1) bondholders.

The European Stability Mechanism looks set to issue its longest euro bond to date after sending out a request for proposals on Wednesday, as the European Union mandated for a long dated tap. Meanwhile, a German state hits the spot for investors.

A European sub-sovereign is set to bring its shortest dated benchmark in 18 months after mandating banks on Tuesday for a four year deal.

Covestro, the German polymers manufacturer, rose 11% on the start of trading Tuesday, having scaled back its targeted deal size by €1bn to win the investor support required.

A London-based public sector syndicate banker has left his position at one of the market's top bookrunners, GlobalCapital understands.

The renminbi became the fourth most used currency for payments in August, overtaking the yen with a share of 2.79% of global payments, beating the Japanese currency by a small margin of 0.03%, Swift said in an October 6 report.

Dutch trust and corporate services business Intertrust said on Monday that it would raise about €465m from its initial public offering to repay existing debt.

Schaeffler, the German ball bearing maker, will sell fewer than half of the new and existing shares that it had originally intended to sell in its planned Frankfurt IPO.

Dongfeng Motor Group is set to meet investors ahead of what will be its first offshore bond. The company has opted for a euro deal as it aims to use proceeds to pay back part of a bridge loan in that currency.