Deutsche Bank

Deutsche Bank is seeking to tap its September 10, 2021 senior unsecured floating rate bonds, in the only senior deal to make an appearance in Wednesday's choppy market for bank bonds in Europe.

High yield investors grabbed bonds from lift component maker Wittur and Swiss telco Sunrise Communications on Tuesday, even after absorbing GTech’s €4.4bn-equivalent offer over the previous 24 hours.

Statoil, the Norwegian oil and gas company, issued €3.75bn of bonds today, after falling oil prices contributed to a 36% drop in the company’s third quarter earnings. It is the biggest euro investment grade bond issue this year - though both Altice and GTech have issued bigger high yield financings, with parts of the deals placed in dollars.

The acquisition of Las Vegas-based International Gaming Technology by the Italian gambling technology company GTech took a step ahead on Tuesday as GTech raised €4.4bn in euros and dollars, in the second biggest European high yield deal so far this year.

Emirates NBD is on track to price the longest Kangaroo bond from a Gulf bank and is marketing a seven year at 225bp over mid-swaps. The bank is keen to establish its presence in the Aussie dollar market, according to bankers.

The bid for Hindustan Petroleum Corp’s (HPCL’s) latest loan has been won by a group of seven banks. The syndication strategy for the refinancing is still being worked out and the deal is in its early days, with the mandate having been decided only last week, said bankers.

The Spanish government is set to price its privatisation of Aena, the state airport operator, this evening. The flotation of a 49% stake has attracted strong demand and looks set to be a big win for the government, potentially netting it up to €4.26bn.

German lift components producer Wittur has widened pricing on the loan portion of its €420m debt raising, while increasing the high yield bond part of the package.

Qatar National Bank has mandated international banks for a $3bn loan, its first dollar facility since 2012.

Deutsche Bank opened up the tier two market on Monday with a 10 year bullet transaction issued out of its opco.

Indonesian hospital operator Mitra Keluarga has kicked off the pre-marketing stage of its $300m domestic IPO, with initial positive feedback from investors leading to plenty of anchor demand already in hand.

Struggling South African electricity provider Eskom paid up to 40bp new issue premium to place its $1.25bn 10 year bond on Thursday. Investors responded positively to the offer, despite the ongoing problems faced by the state owned company, according to bankers.