Deutsche Bank

The Gabonese Republic opened books on a $500m no-grow transaction on Tuesday morning, bolstering an African issuance volumes already at a record high.

New York Stock Exchange-listed Nord Anglia Education is offering shares in a follow-on deal that could raise $176.14m for the Hong Kong-headquartered international schools operator, going by its last close of $26.29.

The second of Italy’s big bank rights issues this year has begun — the €850m issue for Banca Carige.

New Look, the UK fashion retailer, will begin a roadshow on Tuesday for a £1.2bn-equivalent high yield bond issue to redeem all its bonds and repay its PIK notes after being acquired by Brait, the investment firm.

Intesa Sanpaolo is set to price its latest five year floating rate note with a decent new issue premium relative to its FRN curve.

National Bank of Egypt (NBE) has picked banks for its first bond deal in five years, hot on the heels of its sovereign’s return the international public markets last week.

Chinese broker Haitong Securities is planning to issue its first euro bond by the middle of the month having scheduled a series of investor meetings starting from June 11.

Deutsche Bank has picked John Cryan as its next leader after Anshu Jain and Jürgen Fitschen resigned as co-chief executives after a turbulent three year reign.

Real estate developer Vietnam Investment Group Joint Stock Co (VIG) has attracted banks from several geographies, with a policy bank from China, and a prominent Malaysian lender among those said to have committed. The deal has been well received in the market as banks look to build a longer term exposure to the fast developing southeast Asian country.

China National Bluestar returned to the international bond market for the second time in two weeks, raising $1bn on June 4. But this was not a standard transaction by any means and was more of a replacement for the first trade, which had been cancelled due to a contractual oversight.

And it traded up. Even the most cynical Brazil bears struggled to criticise Petrobras’s remarkable $2.5bn century bond — the largest 100 year issue by any borrower — that blew open capital markets access for the troubled oil giant.

Sivantos, the renamed spinoff of Siemens Audiology Solutions, has launched a repricing of a €785m leveraged loan backing its buyout by EQT, which closed last December.