Deutsche Bank
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Minimax Viking, the German fire protection systems provider, has repriced dollar and euro tranches of €701m-equivalent of leveraged loans within guidance, but at different ends.
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Labco, the French medical diagnostics company, plans to refinance all of its bonds with a new €800m issue. It agreed in May to be bought by private equity firm Cinven after pulling an IPO at the last minute.
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CBR Fashion Holding, a holding company for two German womenswear brands, will seek to raise €200m by selling new shares in an initial public offering.
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Deutsche Pfandbriefbank (Pbb), the specialist German bank nationalised in 2009, announced on Wednesday that it would float in Frankfurt in July, in a deal that one banker said could value it at close to €2bn.
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Grupo Antolin, the Spanish car interiors maker, on Wednesday sold €400m of notes at 5.125% to repay a $525m bridge loan that funded its purchase of Magna International's car interiors business.
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Senior figures within Deutsche Bank expected management change, but not so slowly — many thought co-CEOs Anshu Jain and Jürgen Fitschen might have gone before Strategy 2020 had been hammered out.
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Astaldi, the Italian construction group, has signed a $5bn financing deal with banks to back a motorway project in Turkey.
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Deutsche Bank sold part of its private equity arm’s shareholding in SLM Solutions, a German 3D printing company, in an accelerated bookbuild on Wednesday night.
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Euro high yield investors on Thursday had more than €1.8bn of bonds to consider and two more tranches in euros whose final sizes were yet to be set — New Look, the UK fashion retailer, being at the forefront with the largest offering.
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What’s a CEO worth? Based on the price action in Deutsche Bank on Monday, roughly $2.7bn. But how much can one man ever expect to change a business?
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Deutsche’s incoming CEO has the credentials to execute the bank’s strategic plan, but rivals will look to exploit instability at the investment bank.
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Gabon launched a 10 year $500m note this week, bolstering African issuance volumes that were already at a record high.