Forderbanks step up the pace as Landesbanks fall away
Of the 16 German regional development banks, NRW.Bank and L-Bank are by far and away the clear leaders when it comes to international bond issuance, having secured hard-fought reputations as agency issuers. However, their lead is expected to narrow as other state governments face up to increased funding requirements and encourage their own Förderbanks to look beyond domestic Schuldscheindarlehen and bearer bonds. Philip Moore reports.
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