Deutsche Bank

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.

The Republic of Lebanon has picked Bank Audi, Byblos Bank and Deutsche Bank for a Eurobond issue, which it will combine with an exchange offer on its 2014 bonds.

Latin America’s most frequent sovereign bond issuer, Mexico, will begin meeting fixed income investors in Europe on March 26, according to a banker close to the borrower. The borrower told GlobalCapital in January that it was intending to issue in euros at some point in 2014.

A £62.7m block trade in UK housebuilder Crest Nicholson came at a 5% discount to Thursday’s closing price, but at a 6% premium to where the stock had been trading only a week ago.

Robert Snell will join Deutsche Bank as global head of multinational coverage, a new role reporting to Miles Millard, head of capital markets and treasury solutions and co-head of corporate finance.

Mexico has picked banks for a series of fixed income investor meetings across Europe, and kicks off the roadshow in Germany on Wednesday.

The Republic of Lebanon has mandated Deutsche Bank and Bank Audi for its next Eurobond issue. It is paying 2c for the deal, with banks absorbing expenses. A liability management exercise will take place in conjunction with the new issue, according to a banker away from the deal.

Mexico has picked banks for a series of fixed income investor meetings across Europe, and kicks off the roadshow in Germany on Wednesday.

The time is right for floating rate issuance, bank finance specialists believe. Market volatility, the spectre of rising interest rates and huge demand for senior unsecured bank debt have come together to create conditions in which issuers are keen to sell floaters and investors are hungry to take them.