Deutsche Bank

The Federal Democratic Republic of Ethiopia has embarked on a non-deal roadshow, with Lazard engaged as financial advisor and Deutsche Bank and JP Morgan helping to arrange investor meetings.

In this round-up, Chinese premier Li Keqiang said RMB internationalisation to continue, South Korea's RMB deposits halving in a few months, HKMA revamps its RMB liquidity facility, Singapore Exchange and Moscow Exchange see surging RMB trade volumes, Shanghai Gold Exchange expands its list of assets that can be used as collateral for trading to A-shares and foreign currencies, and Deutsche Bank joins OTC Clear as a clearing member.

América Móvil on Thursday issued its second exchangeable bond into stock of Koninklijke KPN in just four months, raising €750m after a €3bn issue in May. But this deal, unlike the earlier, was a mandatorily exchangeable structure.

A £145m trade on Thursday evening in shares of Aldermore Group, the UK challenger bank, came after the FTSE 250 had fallen 0.8%.

This week produced an encouraging run of equity block trades, with a sprinkling of modestly sized deals on Tuesday, Wednesday and Thursday.

This week’s encouraging run of equity block trades continues this evening (Wednesday September 9) with a sale of 10% of Inmobiliaria Colonial, the Spanish property company, worth about €190m.

Deutsche Bank has created a new role, global head of coverage for alternative capital providers, to cover sovereign wealth funds, government funds, public pension funds and others from within corporate finance.

Russian fertiliser producer Eurochem signed a $750m pre-export credit facility, it was revealed on Wednesday, having been in talks with banks since the end of last year.

Summarecon Investment Property (SIP), a unit of Indonesian property giant Summarecon Agung, is looking to raise $200m-$250m in an IPO, with banks on the trade expecting to open books in October or November.

As if to prove that it was not put off its stride by yesterday’s news that Citi had hired its chief equity block trade banker, Goldman Sachs is at the centre of tonight’s accelerated bookbuild business with two trades.

A pair of SSAs hit screens with euro benchmark mandates on Monday — and bankers are confident that market conditions will stay bright to support even more expected supply.

Covestro, the polymer producing unit of Bayer, this morning released its intention to float (ITF) in Frankfurt, kicking off the first substantial listing process after the summer lull.