Deutsche Bank

Participants in the high yield market expect at least two to three years of low defaults and favourable economic momentum, according to polls conducted during Deutsche Bank’s 18th annual European Leveraged Finance Conference in London last week.

M7 Group, the Luxembourg satellite and online TV broadcaster, will allocate a €110m ‘C’ tranche on Thursday to expand an existing loan.

Munich Re could potentially shave another 75bp off the price of its cover for US hurricane and Australian cyclone risk next week, after putting out price guidance for the tenth catastrophe bond from its Queen Street platform.

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.