Deutsche Bank

Although oversubscribed, the first €3bn syndication from a public sector borrower since the European Central Bank began buying in the sector — a 0.2% April 2025 issue for the European Financial Stability Facility — has left bankers fretting over crowded-out investors deserting SSA debt in the single currency, writes Tessa Wilkie.

Klöckner Pentaplast, the German plastic packaging maker, has closed books on a €881m loan, increased by €50m, after hitting its advanced deadline for commitments with a bang.

US plastics manufacturer Trinseo on Thursday priced $700m of senior unsecured bonds in dollars and euros, saving at least 200bp compared with the interest on the 8.75% bond the company wants to repay.

Elis, the French workwear and bed linen laundry company, priced an €800m bond on Wednesday, its first issue since its €750m Paris IPO in February, to refinance in full its senior secured and subordinated notes.

NordLB is set to become the first of Germany’s Landesbanken to sell an additional tier one trade, mandating banks on Thursday to roadshow a debut print.

Liberty Financial priced its A$500m ($386.25m) RMBS backed by non-conforming and prime Australian mortgages, with the ‘A1’ notes pricing 5bp wider than the issuer’s last foray into the market in November.

Four regulators hit Deutsche for more than $2.5bn on Thursday for "extremely serious" misconduct in rigging money market rates.

This week's record-breaking dual currency bond from China Petroleum & Chemical Corporation (Sinopec) showed just how far Chinese issuers have come in the international bond market over the past few years. Sinopec managed to print an impressive $6.4bn and by doing so elevated its status to one of the elite borrowers in the region, writes Rev Hui.

Privately-owned Indonesian palm oil producer Royal Industries has extended the deadline for commitments to its $500m dual tranche fundraising again.

BHP Billiton priced a €2bn three part bond on Wednesday, paying up on the longest tranche. Bankers said this reflected the recent underperformance of long dated bonds.

World Bank wound through the pricing gears to sell a large three year dollar benchmark on Wednesday.

Dutch ports logistics company HES Beheer has launched a €100m add-on loan that will complete its owners’ full purchase of the company.