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Deutsche Bank was this week considering how best to dispose of a Eu800m stake in Axel Springer, the German media company, which it acquired after Kirch Gruppe defaulted on a loan. Kirch had used its 40% stake in Axel Springer as collateral for a Eu720m loan issued by Deutsche Bank and when the Kirch media empire collapsed earlier this year Deutsche took the stake on. It now has various options as how best to dispose of the stock.

In an active week of trading in BSkyB, the UK-based satellite television company, Deutsche Bank went some way to recovering the loss it made on January's disastrous Vivendi trade by completing the sale of a £1.7bn block in BSkyB. The 13% of BSkyB sold was a stake Vivendi Universal's had been forced to sell to Deutsche Bank in 2001. Competition authorities demanded that Vivendi dispose of its 22% stake in Sky to complete its acquisition of Seagram. Deutsche Bank sold the initial 9% stake in December last year, and the £1.7bn block is the balance of the 22% holding.

The Eu200m club-style deal for wind turbine generator Vestas has been closed and was signed on May 10. The loan is split into two portions: an Eu80m one year tranche and a Eu20m three year piece. Both are revolvers.

Dexia Municipal Agency (Dexia MA) and Landesbank Rheinland-Pfalz (LRP) benefited from the recent lack of confidence in the German Pfandbrief market when they launched their respective covered bonds this week. Dexia MA launched its Eu1bn 10 year obligations foncières issue via ABN Amro, Crédit Agricole Indosuez and JP Morgan on Tuesday at 23.4bp over the 5% April 2012 OAT, equivalent to 31.8bp over the 5% January 2012 Bund. LRP followed on Wednesday with a Eu1.5bn five year Öffentlicher Pfandbrief, via Citigroup/SSSB, Merrill Lynch and WestLB, which was priced at 23bp over the 4% February 2007 Bobl.

Rating: Aaa/AAA/AAA Amount: Eu1bn obligations foncières

A three week run of abysmal new issuance levels in the dollar markets was broken this week by issuers such as Kraft and Household Finance offering deals that satisfied investors' desire for either quality or rarity. More than $12bn of dollar deals had been priced or announced by yesterday (Thursday), a stunning turnaround from last week, when only $3bn came to a market reeling from the telecoms sector's meltdown.

Dresdner Bank has raised the limit off its Euro-MTN programme to euro20 billion ($18.25 billion) from euro15 billion. IBJ has been renamed as Mizuho following its merger in 1999.

DZ Bank International, formed through the merger of DG Bank and GZ Bank, has put its name to a euro3 billion ($2.74 billion) Euro-CP programme. Barclays Capital has won the arrangership. The dealers off the panel are the issuer, the arranger, Deutsche Bank, Goldman Sachs, JPMorgan and UBS Warburg. The issuer already has an existing euro5 billion multi-currency CP programme in operation, which was signed in December 2001 and has $848.01 million outstanding off 34 trades.

EasyJet, the UK budget airline, this week laid out the terms for its £276.7m rights issue, the funds from which will be used to part finance the £374m acquisition of Go, its UK rival. The four for 11 rights issue will be launched at a price of 265p per share, a 43% discount to easyJet's opening share price yesterday (Thursday), the day of the announcement. The market reacted positively to the news with the share price shooting up to close yesterday afternoon at 510p.

The $50m one year facility for African Export-Import Bank (Afrexim) has been closed oversubscribed and increased to $85m. Twenty two banks were signed into the deal last Friday in London.

The European Investment Bank (EIB) this week reaffirmed its position as a strategic benchmark issuer with a Eu5bn 10 year transaction, its second deal of that size off the EARNs programme. Credit Suisse First Boston, Merrill Lynch and UBS Warburg led the deal. According to Barbara Bargagli-Petrucci, the EIB's director of capital markets, the deal was 20% oversubscribed at 25bp over the January 2012 Bund.

Bankers invited to commit to the £1.28bn acquisition loan for Enterprise Inns met at the Chancery Court Hotel in London yesterday (Thursday) morning. The mood after the meeting was upbeat. "With so little in the UK and with continental Europe churning out boring investment grade plain vanilla loans, a deal like Enterprise generates a bit of excitement in what is essentially a very dull market," said a banker yesterday afternoon.