Commerzbank has won its second corporate bond mandate this year, securing a joint bookrunning slot with Deutsche Bank for the debut bond for Sixt, Germany's largest car rental company. Deutsche has run 57 corporate bond deals worth $18.9bn (€14.6bn) since January.

Today's mandate follows the arrival at the end of last year of Nicholas Teller as new head of Commerzbank Securities' revamped corporates and markets division, previously led by Mehmet Dalman who left to set up his own hedge fund.