Europe

Deutsche Bank is set to go on the road and market its first Cédulas Hipotecarias, which was rated Aa2 with Moody’s on Monday.

Following its recent roadshow, Deutsche Apotheker- und Ärztebank eG has mandated leads for a €500m no grow Pfandbrief.

Finnish real estate company Sponda has signed an €80m unsecured loan agreement with three banks to refinance its syndicated loan that matures this month.

Yorkshire Building Society offered a chunky premium for its €500m of seven year covered bond on Tuesday. With only a modest oversubscription, it was not able to tighten pricing.

Istituto Centrale delle Banche Popolari Italiane (ICBPI) began offering its €1.1bn PIK bond with fixed and floating rate tranches on Tuesday, the first time such a structure has been used in the European high yield market, according to bankers.

Russian steelmaker Evraz has been in talks with banks for a syndicated loan for some time, but bankers said this week that the firm will likely stick to bilateral loans instead.

Standard Chartered moved to shore up its capital ratios on Tuesday, as it launched a long-expected rights issue, totalling £3.3bn ($5.1bn). Bank of America Merrill Lynch and JP Morgan have fully underwritten the deal.

Increased market volatility in foreign exchange, derivatives and equities has driven improved investment bank results at UBS. The same volatility has hurt earnings at several other banks reporting this week.

UBS announced the future sale of a euro denominated holding company transaction this week, as UK and Swiss banks look to get investors on board with the shift of issuance away from operating companies.

The former chief executive officer of clearing house LCH.Clearnet has become CEO of a risk solutions firm as it launches a platform for margining bilateral non-cleared, over-the-counter derivatives trades

Singapore-based BW Pacific has opened books for a listing on the Oslo Stock Exchange, as the tanker company looks to raise as much as Nkr2.4bn ($283m) from its IPO.

BNP Paribas’ former co-head of fixed income has resurfaced at New York headquartered M&A advisory shop Foros as a senior advisor.