Deutsche Bank

Azerbaijan started execution on its first ever benchmark bond on Monday morning, ending a six day drought for CEEMEA supply.

A group of 15 banks are tipped to win the mandate for the new loan for agricultural products supplier Olam International, which is expected to launch at $1.2bn.

Hindustan Petroleum Corp opened up its $500m three year into general syndication on the evening of March 7, with bankers away from the deal already keen to lap up the transaction thanks to the juicy margin on offer.

SoftBank, a big client of Deutsche Securities in Japan, has told Asiamoney that the departure of the head of investment banking at the German bank in Tokyo is likely to be a big loss to the firm. Asiamoney first reported on Friday that Yuji Nomoto had left Deutsche at the end of February.

Maoye International Holdings, a Chinese investment company with interests in retail and property, is looking to make its debut issuance in the offshore renminbi market.

Deutsche Securities has lost its Japan head of investment banking, a key contact with major client Softbank, Asiamoney can reveal.

China Eastern Airlines returned to the offshore renminbi market on Thursday, taking Rmb2.5bn ($407m) on a stellar day for the dim sum market which saw China Construction Bank raise Rmb4bn.

Syndicate bankers are primed for a busy period in dollars next week following the smooth execution of four benchmarks in the currency this week despite uncertainty and volatility caused by the situation in Ukraine.

Teollisuuden Voima, the Finnish nuclear power generator, launched a blowout bond issue on Tuesday that showed once again how any issuer perceived as having somewhat more risk, and therefore offering a wider spread, is attracting substantial demand.

Banco Santander Chile sold the first Kangaroo bond from a Latin American financial on Thursday, but bankers away from the trade were disappointed with the small deal size. They said the short maturity limited investor interest, though another source argued that the deal did attract a diverse order book.

Piraeus Bank is set to become the first Greek financial institution to print a bond since the country’s bail-out in 2010, and the stage is set for a big success after fellow periphery Banco Popolare built one of the biggest books for a senior unsecured deal in recent memory this week.

Avis Budget took advantage of strong high yield demand on Thursday to make a rapid tap of its March 2021 bonds to refinance shorter dollar debt.