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After issuing a fixed rate bond yesterday, Deutsche Bahn came back to the market today (Thursday) with a €200m tap of the €400m eight year floating rate note it had printed last week.

Barclays already has a clear strategy for its investment bank and now it could be about to appoint the CEO to deliver it. But bigger questions lie ahead for all of Europe’s banks to remain competitive, writes David Rothnie.

Dollar pre-funding is unlikely to be a feature of the fourth quarter this year as crushed swap spreads and a lack of direction from the US Federal Reserve force out SSA borrowers.

Spain took itself over the 90% mark of its reduced 2015 funding programme with an auction where yields fell across the maturity curve.

SNCF Réseau went to the short end of the curve in a hunt for central banks on Thursday, selling a rare €500m three year note.

Development Bank of Japan sold over half of its second sustainability bond to SRI investors on Wednesday and will continue to monitor the market for future green opportunities, say bankers.

USG People, a Dutch recruitment and human resources company, has secured €450m of funding in a refinancing loan, reducing its margin by 40bp.

Rentenbank has responded to pent-up demand for Australian dollar paper with the largest long dated Kangaroo bond from a public sector borrower since July.

Members of the Asian structured finance community came together this week to attend a conference hosted by the Asia Securities Industry & Financial Markets (Asifma). Unsurprisingly, most of the talk hovered around China and the huge potential of its ABS market.

Capita, the business process services company, has entered into a £450m bridging facility with two banks.

Asia ex-Japan’s morose equity-linked market is poised for a shake-up after China’s National Development and Reform Commission (NDRC) overhauled its rules for foreign debt sales, allowing H-share issuers to dive back into convertible bonds.

BoC Aviation has notched up a new landmark for Asia by becoming the first issuer from the region to sell an aircraft leasing ABS. Market observers are buoyed by the landmark transaction and hope it will spur similar deals from Asia and particularly China, writes Rev Hui.