Deutsche Bank

Saudi Electricity Company has given initial price thoughts of 4.25% to 4.375% on the 10 year tranche of its sukuk offering – a level that some investors think is generous.

Damac Real Estate Development has drawn over $1bn of orders after opening books on its benchmark size five year debut dollar sukuk.

The United Mexican States launched seven and 15 year euro bonds on Tuesday and received almost €7bn of orders.

After finishing last year at the top of the CEEMEA bond bookrunner league tables, Deutsche Bank has slipped to eighth position in Dealogic’s ranking for the first quarter of this year.

Deutsche Asset & Wealth Management has set its sights on boosting its coverage of institutional and intermediary clients in Asia Pacific with two new appointments.

Pan-Asia iGate Solutions, a subsidiary of Nasdaq-listed information services provider iGate Corp, has wrapped up syndication of its $360m facility after seven lenders joined in general.

The Islamic Republic of Pakistan will be meeting with investors this week and next as it looks to make a potential dollar offering.

Morgan Stanley’s former head of China debt capital markets, Vivien Gui, has joined Deutsche Bank, GlobalCapital Asia understands.

The world’s largest pork processing company has launched its jumbo IPO with a 28-strong syndicate, which could results in some disagreements, particularly as the valuations of comparable companies are so diverse, said bankers on the trade.

Anheuser-Busch InBev, the Belgian-US brewing company, on Wednesday joined the spate of large companies issuing multi-tranche deals into the present super-hot euro corporate bond market. Its deal was marked by two current trends: the popularity of floating rate notes and of 12 year bonds.

Bank of Nova Scotia’s inaugural legislative covered bond, issued this week, is unlikely to offer much performance and is not eligible for bank liquidity buffers, but it offered genuine diversification to a hungry market. At 9bp the deal was priced on the tight side of expectations with little scope for performance.

The second visit by a non-European supranational to the euro benchmark market since the euro/dollar basis swap neared parity late last year could encourage its peers to print in the currency over the coming weeks. The Asian Development Bank’s debut euro benchmark this week offered more enticing pricing than when the World Bank opened the market late last year — but by printing a larger deal, it was equally if not more impressive in many bankers’ eyes.