Commerzbank

Nederlandse Gasunie closed a €300m no-grow floater on Friday, attracting an order book of around €550m for the three year notes.

Deutsche Bahn made the most of an otherwise empty corporate bond market on Wednesday, increasing its latest floating rate note from €300m to €400m, making the deal its largest eight year FRN.

The European Union reopened its 1.375% October 2029s to raise just over €1bn on Thursday and will use most of the proceeds to refinance a maturing loan for Ireland.

Deutsche Bahn came to an empty corporate bond market on Wednesday, increasing its latest floating rate note from €300m to €400m, making the deal its largest eight year FRN.

A pair of banks, including the Royal Bank of Scotland, have made senior hires to their medium term note teams.

Commerzbank has hired two senior credit salespeople to its fixed income and currencies business in London.

Raiffeisenlandesbank Niederösterreich-Wien and Banca Carige have mandated leads for covered bond roadshows that will start in early October.

The message from market participants at the Euromoney/GlobalCapital Corporate Summit in Paris on Monday was clear: private placement investors need to go global.

Swedish Covered Bond Corp (SCBC) and Bankinter issued €750m covered bonds this week, but after record issuance, their limp receptions may cause others to postpone funding plans.

Rheinmetall, the German defence and car parts company, has refinanced a €500m revolving credit facility, as its beleaguered defence arm is scrutinised by Moody’s.

Commerzbank has lost a senior member of its Asia DCM syndicate team, according to a source close to the move.

As the green bond market grows and becomes more sophisticated, so do the demands from investors for better verification and reporting standards. But with a proliferation of approaches and third party opinion providers, there are calls for standardisation — and even the potential for pricing differentials developing among bonds with different qualities of reporting. Craig McGlashan reports.