Europe
-
Deutsche Bank has named a former ING bankeras head of corporate finance for the Benelux region.
-
Two more public sector borrowers brought strong trades to finish a bumper week of dollar deals, both printing $1.5bn of short end dollar paper. -
-
-
ING is planning to bring on a director of leveraged capital markets from Société Générale early next year.
-
The euro public sector bond market bounced back in fine fashion this week after a shock result in the German federal election, leading to some well oversubscribed trades. A potential Catalonian independence referendum is also not affecting demand, said bankers.
-
Oversea-Chinese Banking Corporation (OCBC) issued a €500m five year covered bond on Thursday that was more oversubscribed than any previous Singaporean deal and priced inside fair value in what a lead manager described as ‘a one-way market’.
-
On Thursday, Belgian gas transmission system operator, Fluxys, successfully priced both sub-benchmark tranches of its latest corporate bond deal it had set out to sell when it met with investors earlier in the week. The 10 year tenor was the company’s primary aim, but it was also willing to explore reverse enquiry for a 15 year tenor.
-
Rarely, in any walk of life, one meets someone who stands out from the crowd — whose qualities command the admiration of all around them.
-
NordLB received a higher level of demand for a €500m seven year Pfandbrief this week than in its previous two deals, showing it has good access to capital markets despite challenges it faces dealing with a €9bn bad shipping loan portfolio.
-
After ABN Amro and Santander failed to attract large books for their additional tier one (AT1) trades this week, Investec was able to reel in investors with a higher reset spread on Thursday.
-
Austria’s Volksbank Wien was able to tighten pricing significantly on its first entry into the subordinated bond market, raising slightly more tier two capital than it had initially expected.
