Deutsche Bank
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London’s booming investment trusts market is showing no sign of slowing down, with three new deals pricing on Monday including space-tech vehicle Seraphim Space Investment Trust.
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Hong Kong-based financial leasing company Far East Horizon raised Rmb500m ($77m) from a two year Panda bond in the domestic Chinese market at the end of last week.
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A trio of green labelled debuts attracted “slim” demand on Wednesday, as the three senior deals had to compete with a flurry of other trades for a slice of the shrinking pre-summer investor pool.
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The Islamic Republic of Pakistan returned to the bond market on Wednesday, raising $1bn in a triple part tap of its existing dollar bonds. Market participants say they are ‘impressed’ with the way reforms are headed in the South Asian country amid its International Monetary Fund programme.
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Red chip Panda bond issuer Far East Horizon has released price guidance for a new two year deal in China’s domestic market.
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JAB Holdings and Prosus have hired banks to run bond issues, adding to the barrage of corporate deals in the works before Europe's summer break.
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Three infrequent FIG borrowers are set to drop into a stable euro market this week, with Arion Bank, Banca Popolare di Sondrio and Westpac New Zealand all preparing senior deals .
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Rowena Chu, vice-chair of Greater China investment banking coverage at Deutsche Bank, has retired.
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Deutsche Bank has named Glenn Morgan as chief executive for its Australia business, giving the veteran banker the position on a permanent basis.
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