Deutsche Bank
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Shanghai Electric Group is looking to make its inaugural issue in international markets. The local government owned enterprise will be meeting investors next week for a proposed dollar bond. -
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Générale de Santé, the French private healthcare provider, allocated its €1.1bn acquisition loan on Tuesday after cutting the margin on the term loan ‘B1A’ to 350bp over Euribor.
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More issuers could follow Bank Nederlandse Gemeenten into the New Zealand dollar market as the country’s rising interest rates create yield grabbing opportunities in the currency, according to niche currency bankers. The Australian dollar market has also produced activity, with L-Bank taking to the long end with a rare print in the currency on Tuesday.
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Internal moves into Deutsche's SSA syndicate — Barclays hires BAML levfin banker — All change at JP Morgan ECM — StanChart makes switch to replace Nelson
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Global Cloud Xchange (GCX), a subsidiary of Indian telecommunications company Reliance Communications, priced its debut international bond on Thursday, July 24. The non-call two structure is fairly unusual in Asia, but is expected to offer the growing company more flexibility in the future.
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Tata Steel closed its first international bond on Thursday, July 24, as it looks to refinance loans from its 2008 acquisition of Corus. Despite pricing on a day when the Indian high yield sector saw $2.4bn of new issues, the trade nonetheless pulled in bids worth $9.1bn.
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The UK Debt Management Office raised its largest ever book for an inflation linked syndication on Tuesday when it opened a new 2058 line, despite the deal coming as the summer holidays are in full swing in the UK. The syndication also marks the first time the DMO has printed an inflation linker at a negative real yield.
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Anglo-Dutch publisher Reed Elsevier issued its latest five year bond in sterling last Friday, taking advantage of limited supply to meet some of its funding needs in the currency.
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Colombian infrastructure development bank Findeter (Financiera de Desarrollo Territorial) will begin a roadshow on Thursday more than 18 months after it told GlobalCapital it was planning its debut international bond issue.
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Deutsche Bank, according to recent wisdom, trades too many bonds. Or rather, it doesn’t trade nearly as many as it had planned to. Global fixed income volumes are on the floor, banks cannot hold much inventory, margins are under pressure. Clients are over-broked, prop trading is over, and you still have to pay everyone. But is the German giant ramming that back down critics' throats?
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Commodity trader Gunvor Group has refinanced a $500m secured revolving facility, replacing the one year loan it signed last year in July as well as funding its refining and marketing activities around Bavaria.
