Berlin scoops €1bn at 15 years

The Federal State of Berlin printed a 15 year trade on Wednesday — its first €1bn bond since 2015, according to Dealogic. The trade was joined by a five year from Corporación Andina de Fomento.

• 06 Jun 2018

Bewilderment in Schuldschein as Moody’s references IFRS 9

The Schuldschein market has been left with more questions than answers after a Moody’s report claimed IFRS 9 rules, which force liable assets to be marked-to-market, could implicate "liquid" Schuldschein loans.

• 23 May 2018

Focus turn to docs and tech in Schuldschein market

With the deal flow in the Schuldschein market turning to more of a deal drip, participants are taking the spare time to clean up the shop floor.

• 08 May 2018

Hanover becomes first city to issue green Schuldschein

Hanover has become the first city to issue a green Schuldschein. The hope is that this transaction will be the first of many.

• 27 Apr 2018

Hanover first city to launch green SSD

Hanover has become the first city to offer a green Schuldschein.

• 16 Apr 2018

Schuldschein's record-breaking streak set to end after weak Q1

After an unthrilling first quarter of 2018 for the Schuldschein market, analysts at two Landesbanks have issued pessimistic forecasts for this year’s deal flow and volume.

• 16 Apr 2018

Land NRW EUR1bn 1.65% Feb 38

• 15 Feb 2018

NRW shows long end euros open for core as Greece suffers from vol

The State of North Rhine-Westphalia showed that the euro long end is open for core SSAs despite wider market volatility on Thursday, but there was a more testing time for Greece in secondary.

• 15 Feb 2018

NRW reopens 20 year euros as ‘stars align’

The State of North Rhine-Westphalia on Thursday brought the first 20 year euro benchmark of the year from a core eurozone issuer, for which leads said the “stars aligned”. A sell-off in rates, core SSAs stability in the face of wider market volatility and a healthy spread over OATs all helped the deal, they said.

• 15 Feb 2018

Ten year covered trio get traction but concerns remain

A trio of 10 year covered bond deals issued this week showed that interest in this tenor is less uncertain than initially feared. But, in a rising yield environment, investors are likely to become more defensive and this demand risks being short-lived.

• 11 Jan 2018