Deutsche Bank

The market for European financial institutions' subordinated debt took off on Thursday, defying expectations that the holiday in Europe would put a damper on issuance for the week, as Legal & General, Société Générale and Coventry Building Society came to market with deals.

Jinmao Investments and Jinmao (China) Investments Holdings, a business trust carved out of Hong Kong-listed Franshion properties, started bookbuilding for a HK$3.39bn ($437m) IPO on Monday, offering prospective investors yields as high as 9%.

Casino operator Melco Crown (Philippines) Resorts Corp raised Ps5.48bn ($125m) on Wednesday to garner funding for its City of Dreams Manila project.

Aluminium manufacturer China Hongqiao, opened books for its international debut on Thursday, with a three year dollar bond that is considered groundbreaking because of the rarity of the sector.

Air India has landed on the loan market for a $408m one year bridge via two mandated lead arrangers and bookrunners, as the state-owned company looks to add more aircraft to its fleet.

Alibaba revealed the identities of its much-hyped 27-person partnership on Monday, as the pieces finally start to come together for what is one of the most keenly anticipated IPOs of the year.

Property developer Yida China Holdings launched bookbuilding for its HK$1.68bn ($217m) IPO on Monday as it aims to list by the end of the month.

Deutsche Bank has hired Omar Ghalloudi from Bank of America Merrill Lynch to head investment grade trading in EMEA, bringing to an end the fusion of investment grade trading with ABS trading under Nick Waring.

Deutsche Bank has appointed its head of strategy and and its new head of governmental and regulatory affairs to its group executive committee.

Mauricio Noé has left Deutsche Bank, where he was managing director of global markets. He worked for the German firm for nearly five years.

E-commerce giant Alibaba revealed the identities of its much-hyped 27-person partnership on June 16 as the pieces are finally starting to come together for one of the most hotly anticipated IPOs of the year.

Suez Environnement found very strong demand for a €500m hybrid capital issue today, as it became the first of the crop of companies that issued hybrids in 2010 to begin refinancing them.