Deutsche Bank

The Irish state is on course to recover its full investment in Permanent TSB – formerly Irish Life & Permanent – the bank it rescued in 2011, after a highly successful share sale brought in major investors from the US and UK. According to one analysis, the government has already broken even.

Commerzbank took advantage of its strong quarterly results to sell new shares on Monday night to bolster its capital ratio, via an accelerated bookbuild that raised €1.378bn.

Low-cost airlines VietJet Air has signed up three banks to co-ordinate a planned $200m-$300m IPO, with decisions about which exchange to list the shares still up in the air.

Permanent TSB, the state-owned Irish bank carved out of the Irish Life & Permanent, nationalised in 2011, has begun a new life as a fully listed company, after a highly successful €498m share sale was priced on Monday.

Deutsche Bank aims to trim the retail side of its business by shedding Postbank, the German institution it acquired in 2010, in an IPO that some market participants view as confirmation that the original purchase was wrong-headed.

Crown European Holdings was back in the euro high yield market on Monday with a €600m deal that will be used to repay its US parent company’s term loan ‘B’.

After years of capital reductions, balance sheet reorganizations and strategic exits, GlobalCapital thought it was time to test the market.

Cirsa, the Spanish gambling company closed a two day, London-only roadshow on Tuesday, which was for a €500m bond priced at 6% that will be used to repay some of its notes due in 2018.

Delachaux, the CVC-owned French industrial company, has set out the conditions for the repricing of a €690m-equivalent loan that it launched under different market conditions in September.

Permanent TSB (PTSB) opened books on the first ever additional tier one print from an Irish bank on Monday morning, the first stage of the bank’s €525m capital raising process.

Deutsche Bank announced its new strategy for investment banking, with a plan to cut leverage by around €200bn, and redeploy €50bn-€70bn into relationship-driven businesses.

German baby products retail website Windeln.de launched on Thursday the bookbuilding phase of its initial public offering in Frankfurt, having set the price range on Wednesday at €16.50 to €20.50 a share.