Deutsche Bank and JP Morgan, who are vying to end the year at the top of the European equity-linked league tables, are jointly leading a £150m (€214m) convertible bond from Rank Group, the UK entertainment company which includes Grosvenor casinos and Hard Rock Café.

The German bank is currently at the top of the European equity-linked rankings according to Dealogic, the investment banking research firm. Deutsche has €6.2bn ($7.5bn) of league table credit from 16 deals. JP Morgan is just €300m behind with €5.8bn from 12 deals.