Deutsche Bank

Indonesian conglomerate CT Corp signed its $1.275bn fundraising on Friday, March 20, a deal that saw a group of 19 banks piling in during syndication.

Hong Kong’s stuttering IPO market is set for a much needed boost after Chinese technology company Baioo Family Interactive started marketing its HK$1.84bn ($237m) transaction on Wednesday offering investors the chance to move away from some of the recent disappointments in the city.

Deutsche Bank has appointed Evan Goldstein as global head of renminbi services in what is a newly-created position at the firm. The bank said that the move was in response to what it said was a surge in demand from clients for renminbi services as the internationalisation of the currency continued to gain momentum.

Glencore Xstrata launched a dual tranche seven and 12 year euro bond today, as so many industrial blue chips have done in recent weeks.

Airbus Group, also known as the European Aeronautical, Defence and Space Co, was cheered today by investors on its return to the euro bond market for the first time for five years.

Dealogic figures for the first quarter show IPO revenues booming, up 61% from last year, but overall investment banking fees dwindling to $15.5bn, down 18% on the year, as DCM, loans and M&A all fell short of last year.

Saudi Electricity Co will aim for 4% pricing or tighter on a 10 year sukuk, said prospective investors on Tuesday as the utility company hit the road for a dollar benchmark deal.

Zambia has its work cut out on a seven day roadshow that starts on Thursday. The sovereign is planning a second dollar Eurobond, but will have to convince investors it has a solution to its deteriorating finances in order to avoid offering a hefty yield, said analysts.

Asia ex Japan’s second largest IPO of 2014 overcame a multitude of obstacles as Harbin Bank raised HK$8.67bn ($1.1bn) on March 25. As expected, though, the float priced close to the bottom of its indicative price range.

Syngenta, the Swiss agricultural chemicals group, enjoyed the keen demand for a rare bond issue on Monday, thanks to its strong ratings and scarcity as a borrower.

Advent International, Danish pension fund ATP and Bain Capital have agreed the latest leveraged buyout in Europe. The consortium is buying Nets, a Danish provider of payments, information and digital identity solutions, for Dkr17bn (€2.3bn) with leverage of seven times Ebitda.

Saudi Electricity Co has picked banks and lined up roadshows this week as it looks to return to the sukuk market. The company is planning a long dated 144A tranche of at least 15 years as part of the offering, which would make it the first sukuk borrower to look beyond five years since the emerging markets sell-off in May last year.