Deutsche Bank
-
Baoshan Iron and Steel (Baosteel) was the latest in a string of Chinese issuers to tap the euro bond market when it priced a €500m three year note on Friday. The deal followed transactions by China State Shipbuilding and China Construction Bank. -
-
Wittur, the German lift components producer, has become the latest midmarket leveraged loan borrower to join this year's rush to market with a covenant-lite loan - and like the others, has been forced to widen its pricing.
-
The Schuldschein market is not sitting back and basking in the glory of ZF Friedrichshafen’s €2.2bn deal in January. There are a large number of deals in the market from local and international issuers including Telefónica Deutschland, Gerry Weber, and Rhenus Logistics.
-
Emirates NBD priced the longest Kangaroo bond from a Gulf bank on Wednesday. The bank is keen to establish its presence in the Aussie dollar market and paid a 10bp new issue premium to ensure a good secondary performance, according to bankers.
-
Deutsche Bank and BNP Paribas took to the tier two market this week with 10 year bullet trades, with Deutsche opening up first on Monday. Both deals found a hearty investor reception, trading tighter than reoffer in a secondary market that was often weak.
-
-
Tyco Electronics and Tyco International baffled bankers this week by announcing mandates for euro bonds within days of each other.
-
Deutsche’s European Capital Markets and Treasury Solutions business has a new top team following Raj Bhattacharyya’s move to head Latin American corporate banking and securities out of New York. This left his former role as head of capital markets and treasury solutions for Western Europe vacant.
-
Emirates NBD priced the longest Kangaroo bond from a Gulf bank on Wednesday. The bank is keen to establish its presence in the Aussie dollar market and paid a 10bp new issue premium to ensure a good secondary performance, according to bankers.
-
Smurfit Kappa Group, the Irish packaging group, priced a €250m 10 year high yield bond on Wednesday evening that found solid demand, after announcing higher earnings and revenue for 2014.
-
Two Indian state owned companies — Hindustan Petroleum Corp and Rural Electrification Corp — have managed to shave a collective 90bp off their latest fundraisings. The thinning in pricing comes as Indian assets remain in demand, with Japanese lenders focusing on the country as they try to contain lending to China.
