Deutsche Bank

Lufthansa succeeded on the third attempt at its debut hybrid deal on Tuesday, shrugging off any fears of sleepy summer markets by gathering a more than three times subscribed book for the trade.

More German Laender could look to print in euros after an encouraging show from investors for a four year syndication from Lower Saxony on Tuesday.

The Asia ex Japan bond market was crowded on August 4 with Oceanwide Holdings and eHi opening books for respective dollar bonds, and Export Development Canada (EDC) and HNA Tourism opting for offshore renminbi (CNH) offerings.

Chinese banks now hold four of the top five spots in SNL Financial’s ranking of the world’s largest banks, while Europe’s global footprint is shrinking.

Deutsche Bank’s head of investment banking advisory and coverage for southeast Asia, Parvati Banati, has exited the German lender, according to sources.

The European Investment Bank added another deal to its recent burst of issuance in euros on Monday, as a German state mandated banks for a €500m August 2019 deal.

Lufthansa is set to make a third attempt at its debut hybrid bond, mandating banks on Monday for a deal that could be priced as soon as Tuesday.

Asia’s US dollar bond market has started the week with a bang, with China Auto Rental (CAR), Peking University Founder Group and Shanghai Electric opening books for their respective transactions on Monday, August 3.

Tingyi (Cayman Island) Holding Corp accessed the offshore renminbi (CNH) bond market for the first time on July 30 with a three year Reg S dim sum trade. Like its debut dollar outing, investors were drawn to the rare credit from China’s food and beverage sector but some stayed away due to renminbi depreciation fears.

Deutsche Boerse revived the euro hybrid market on Thursday, selling the first such deal in the currency in three months and gathering a hefty order book in the process.

IBM and National Grid North America both took to the sterling market to sell tightly priced deals this week, showing there is arbitrage on offer for dollar funders — though both issuers kept their deals small.

Deutsche Boerse revived the euro hybrid market on Thursday, selling the first such deal in the currency in three months and gathering a hefty order book in the process.