Deutsche Bahn Enters Swap

  • 21 Oct 2002
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Deutsche Bahn Finance, the finance-arm of the German rail network, has entered a cross-currency interest rate swap to convert a CHF75 million (USD55.6 million) fixed rate bond into a euro-denominated synthetic floater. Hartwig Schneidereit, head of capital markets and risk management in Berlin, said the rail firm pays a six-month Euribor-based rate and receives the 3.06% coupon on the bond. The swap mirrors the 10-year maturity of the bond.

The rail firm routinely issues in foreign currencies, including the Swissie, and always exchanges the issue for euros. The interest rate swap, meanwhile, allows Deutsche Bahn to take advantage of low interest rates on a positively sloped interest rate curve, he added.

  • 21 Oct 2002

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Jan 2017
1 Citi 22,118.13 61 9.00%
2 Barclays 20,987.41 55 8.54%
3 JPMorgan 17,406.75 53 7.08%
4 HSBC 16,333.52 48 6.64%
5 Goldman Sachs 15,454.74 49 6.29%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Jan 2017
1 Commerzbank Group 114.00 1 66.16%
2 CaixaBank 37.05 1 21.50%
3 UniCredit 10.62 1 6.17%
3 BNP Paribas 10.62 1 6.17%
Subtotal 172.30 3 100.00%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Jan 2017
1 SG Corporate & Investment Banking 770.06 2 16.80%
2 Goldman Sachs 656.16 2 14.32%
3 JPMorgan 527.28 4 11.50%
4 Emirates NBD PJSC 408.38 1 8.91%
5 Deutsche Bank 321.53 3 7.01%