Deutsche Bank

Deutsche Bank has hired Citi’s co-head of European banks research to take up an identical job in its own research team.

NL Financial Investments, the organisation that handles the Dutch state’s shareholdings, has selected eight investment banks as bookrunners and co-lead managers for ABN Amro’s highly anticipated flotation.

One of the biggest borrowers in the public sector capital markets is gearing up to test demand in the belly of the euro curve, two days after a less than ecstatic investor response to a 10 year from Finland.

Two rare issuers announced plans to issue euro debt on Tuesday, with Swisscom mandating for its third ever deal and Pentair hiring banks for a possible debut in the currency.

It was a tense finish for the Indian government’s Rp93.96bn ($1.42bn) sell-down of its stake in Indian Oil Corp (IOC) with books only covered just before the transaction was due to close thanks to late bids from state-owned insurers.

Tianjian state-owned Tianfang Hospitality Reit, which is looking to list in Singapore, is delaying its $200m-$250m IPO amid the current rocky market conditions and the deadly explosions in Tianjin port, said sources.

A pair of European banks took advantage of a window of issuance before the US holiday lull this week to price new dollar benchmarks.

The slide in the oil price this year is prompting several oil producing sovereigns, including Iraq, to rethink and bring forward their plans in the capital markets. Francesca Young reports.

An Iraq sovereign bond deal looms ever closer, but is not expected to open the floodgates for bonds from other entities from the region.

Matrimony.com, a provider of online matchmaking services in India, has filed for a listing to raise Rp3.5bn ($53.7m) in new equity, and appointed Citi, Deutsche Bank and Kotak Mahindra Capital as its lead banks.

International Container Terminal Services (ICTSI) provided a breath of fresh air to Asia’s bond market with its $450m perpetual deal. The lack of issuance this year from Philippine borrowers worked in the company’s favour, but SMC Global Power Holdings Corp’s quick follow-up had to endure a turn of sentiment in the market.

Eurofima has added to a 2025 Kangaroo line and more long dated taps in Australian dollars from other issuers are expected, say niche currency bankers.