Deutsche Bank
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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. -
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.
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Europe's investment grade corporate bond pipeline swelled even more on Thursday, though the primary market stayed silent, as HJ Heinz announced a roadshow to prepare funding for its merger with Kraft.
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Oi, the Brazilian telecoms company, is seeking to issue a €500m high yield bond, and buy back four old euro bonds.
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Chinese online gaming company Giant Interactive, which wrapped up a $850m leveraged buyout less than one year ago, will prepay the money this month.
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As the half year point of 2015 approaches, year to date CEEMEA volumes are at their lowest in six years. No bookrunner has escaped the plunge unscathed. But some have suffered more than others, and a rare few have taken a larger share of a shrinking CEEMEA market.
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Bpifrance managed to increase a 15 year deal from its target size on Wednesday despite rocky government bonds markets, but had to print at the wide end of guidance and initial price thoughts.
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Around €2bn of leveraged loans backing CVC’s acquisition of Douglas, the German perfumery chain, is set to hit the market. Arrangers are lined up and the buy side is craving new deals.
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Minimax Viking, the German fire protection systems provider, has repriced both dollar and euro tranches of €701m-equivalent of leveraged loans within guidance, but at different ends.
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The Gabonese Republic’s recent 10 year note was trading well in the secondary market on Wednesday, after drawing a $2.75bn order book for a $500m print.
