Deutsche Bank

Brazilian cement company Votorantim Cimentos is planning a euro transaction and has picked banks for a May roadshow.

India’s Bharat Petroleum Corp (BPCL) has opened books to what will be its first dollar outing since October 2012. Ahead of its comeback, the Baa3/BBB- rated Indian borrower met potential investors in Asia and Europe.

Solusi Tunas Pratama (STP) has gone on the road for its up to Rph3.91tr ($302.24m) follow-on in Indonesia, as the telecommunications tower operator looks to give investors exposure to a liquid play on the sector.

Aroundtown Property Holdings, an unlisted member of Yakir Gabay’s stable of property investment companies, has issued a €450m pre-IPO convertible, which embodies a strong pledge that the company will float within the next 12 months.

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.