LBBW top stories

• BMW raises quick cash in Schuldschein as German autos test private debt

  

  BMW has raised €200m from a single investor in the Schuldschein market, according to several market sources. Arrangers are talking with Schuldschein investors to gauge appetite for German auto manufacturers as the Covid-19 pandemic wreaks havoc on corporate earnings.

  • 30 Mar 2020

• Funding frenzy in Schuldschein as market moves undercover

  The Schuldschein market’s official lines of bookbuilding have been all but shut during the Covid-19 crisis, but sources have told GlobalCapital that several companies have discreetly approached larger lenders for club or bilateral deals.

  • 26 Mar 2020

• People moves in brief

  Deloitte hires ex-Morgan Stanley banker — Roland swaps roles at LBBW

  • 19 Mar 2020

• BMW Bank brings fully PCP-backed auto ABS

  BMW Bank has mandated Bank of America and Lloyds Bank as joint-lead managers, alongside co-managers MUFG and SMBC Nikko, for its Bavarian Sky UK 3 transaction, a UK auto ABS comprised entirely of loans to borrowers with personal contract purchase (PCP) agreements.

  • 03 Mar 2020

• Dürr returns with ESG-linked Schuldschein

  Dürr is looking for its second sustainability-linked Schuldschein, after the listed mechanical and plant engineering firm launched its first issue in the format last May.

  • 03 Mar 2020

• Lufthansa shelters in Schuldscheine as coronavirus disrupts airlines

  Deutsche Lufthansa has entered the Schuldschein market for a second time in a matter of weeks, as the coronavirus rocks airlines’ equity value and their ability to raise public debt.

  • 02 Mar 2020

• IsDB snags impressive size for five year sukuk

  The Islamic Development Bank hit the market for a five year dollar benchmark on Wednesday, raising $2bn at a spread of 40bp to mid-swaps.

  • 19 Feb 2020

• IsDB returns for five year dollars

  The Islamic Development Bank is returning to the international sukuk market for a five year Reg S dollar benchmark.

  • 18 Feb 2020

• Siemens prints negative yield for short end

  Siemens, the German machinery group, paid an average yield of 0.12% for €4bn of debt spread over three to 12 year maturities this week, as investors leaped at the chance to snap up highly rated corporate debt.

  • 12 Feb 2020

• IG rampant as Siemens gets €12.7bn of demand

  Siemens, the German machinery group, launched a €4bn and £850m multi-tranche jumbo bond issue on Tuesday, blowing away worries that similar deals from last week had started to saturate the market.

  • 11 Feb 2020