Deutsche Bank
-
Chinese technology giant Tencent is set to talk with US investors on conference calls this week after picking three banks for a possible bond. -
Italy’s Servizi Assicurativi del Commericio Estero (SACE) made a last minute appearance in last week’s primary FIG market, pricing a €500m perpetual non-call 10 year subordinated bond at 25bp lower yield than initial price thoughts were set at, despite uncertain secondary markets.
-
India played host to one of its largest ever ECM transactions last Friday when Coal India completed a Rp226.13bn ($3.68bn) divestment of the government’s stake in a deal that has been two years in the making. Bankers lauded the trade and believe it will keep the momentum going for several more share sales to hit the market before India ends its fiscal year in March.
-
French investment company Wendel sold a €500m 12 year bond on Friday, having increased the deal in response to strong demand and favourable pricing.
-
The Modi administration launched its up to Rp226.13bn ($3.68bn) offer for sale of shares in Coal India on Friday, a mammoth trade which could be one of India’s biggest yet.
-
-
Wittur, the German lift components producer, set price guidance for its €285m ($322.23m) acquisition loan at a London bank meeting on Monday, a day before its new private equity owner, Bain Capital, added TI Automotive to its portfolio.
-
Pelabuhan Indonesia II (Pelindo II) surprised loans bankers this week with its decision to limit a $1bn borrowing to just over half that amount, causing the cancellation of general syndication. This was just the latest twist for a loan that has been anything but straightforward, though the outcome is unlikely to hurt the borrower in the long run.
-
Indian companies were out in full force this week to tap the equity capital markets. Leading the way was the Indian government’s long-awaited $3.95bn divestment of its stake in Coal India.
-
Deutsche Bank’s fourth quarter numbers show the firm defying doubters who questioned the wisdom of its recommitment to fixed income trading. The bank reported fourth quarter debt sales and trading revenues up 13% to €1.15bn, against a backdrop of its US peers reporting drops of 16% (Citi) to 30% (BAML).
-
Energy firm Viridian Group began a roadshow on Thursday for a €600m senior secured bond, which it will use to redeem its $670m-equivalent debut bond, amid renewed investor interest for strong single B-rated names.
-
Elis, the French workwear laundry company owned by Eurazeo, on Wednesday launched its initial public offering in Paris, as it hopes to raise €750m to reduce its debt levels.
