Nomura

Woori Bank has hired six banks to work on a dollar-denominated additional tier one (AT1) offering.

Japanese convertible bond issuance in the European market has been quiet so far this year, but kicked on sharply on Monday when Suzuki Motor Corp launched a ¥200bn ($1.75bn) deal that one banker said was the largest since 2011.

There was a double breakthrough in dollars for public sector borrowers on Tuesday, as Bank Nederlandse Gemeenten reopened the 10 year part of the curve for core issuers for the first time in seven months and Sweden priced the tightest three year benchmark since the first week of the year.

Bank Nederlandse Gemeenten is this week set to be only the second issuer in 2016 to attempt a 10 year dollar benchmark, while a trio of other SSAs are also entering a dollar market bouncing from strong US jobs data on March 4.

Nomura’s head of investment banking for Asia ex-Japan is retiring from the bank, one of a number of senior staff who are set to leave the firm, according to internal memos seen by GlobalCapital Asia.

Mauser, the German industrial packaging producer, has priced its €100m incremental term loan in line with guidance.

Nomura has announced changes to its senior management team, appointing Steven Ashley and Kentaro Okuda to jointly head its wholesale banking business.

The World Bank on Tuesday mandated for a dollar benchmark, as action in the market heated up in anticipation of the Federal Open Market Committee’s meeting on March 15-16.

Solera Holdings, the Texan car and property insurance claims processor, priced its $3.9bn acquisition debt package in line with revised guidance, after reshaping the debt structure in response to weak investor demand.

Solera Holdings’ $3.9bn debt acquisition package has been reduced, following insufficient demand for the $2bn-equivalent bond’s euro tranche.

Following a busy period in which KfW and Nordic Investment Bank priced deals, African Development Bank (AfDB) was the sole issuer to hit the market this week for a benchmark deal in dollars.

The African Development Bank was unable to tighten pricing from guidance on its first benchmark of the year on Wednesday, which bankers away from the deal put down to a difficult market backdrop.