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  • Rating: Aaa/AA Amount: Skr500m
  • Amount: Eu1.2bn Rating: Moody's/Fitch
  • Deutsche Bank has strengthened its Asian corporate finance division, stealing Eugene Qian from UBS Warburg to become director and head of utilities for Asia, a new role in the bank. Qian previously held a similar role in UBS, where he had worked for five years and was responsible for the coverage and execution of mandates from mainly Hong Kong and Chinese clients.
  • Rating: Aaa Amount: Eu250m Öffentlicher Pfandbrief series 810 (fungible with two issues totalling Eu1bn first launched 12/11/01)
  • Guarantor: Deutsche Telekom AG Rating: Baa3/BBB+
  • Guarantor: Dexia Bank NV Rating: Aa2/AA
  • Having languished in fourteenth place in 2002, Dresdner Kleinwort Wasserstein's (DrKW) EMEA fixed income team holds first place in the 2003 EMEA Q1 tables, bringing the beleaguered investment bank some much needed good news. DrKW's parent company Allianz was forced to launch a Eu5bn capital raising in March, in part to cover losses stemming from the poor performance of its investment banking arm.
  • Signing of the $1.35bn financing for Egyptian LNG has been delayed. Some banks would prefer to wait for the outcome of the US war with Iraq before they sign into the deal. However, the signing is unlikely to be delayed for too long as the majority of lenders are comfortable with the credit.
  • The sovereign/supranational sector is poised to see a borrowing spree in dollars, with issuers attracted by compelling arbitrage conditions, particularly in the five year sector. The European Investment Bank was the first borrower to take advantage of the favourable environment this week, issuing a $3bn June 2008 transaction lead managed by Citigroup, Credit Suisse First Boston and Goldman Sachs. IFC, IADB, ADB, Denmark and Rentenbank are set to follow in dollars, and the Kingdom of Spain in euros.
  • The sovereign/supranational sector is poised to see a borrowing spree in dollars, with issuers attracted by compelling arbitrage conditions, particularly in the five year sector. The European Investment Bank was the first borrower to take advantage of the favourable environment this week, issuing a $3bn June 2008 transaction lead managed by Citigroup, Credit Suisse First Boston and Goldman Sachs. IFC, IADB, ADB, Denmark and Rentenbank are set to follow in dollars, and the Kingdom of Spain in euros.
  • Guarantor: Republic of France Rating: Aaa/AAA/AAA