NordLB top stories

• NordLB bail-out plans are free of state aid, says European Commission

  

  The European Commission will allow a group of public institutions in Germany to inject €2.8bn of capital into the troubled German lender NordLB, after finding that its recapitalisation plans conformed to EU rules on state aid.

  • 06 Dec 2019

• IG bond buyers kick back after ‘exceptional’ year

  Corporate bond investors in Europe have enjoyed an “exceptional” year, according to analysts at one bank, with significant spread tightening in all sectors, even though negative yields have become increasingly common again.

  • 04 Dec 2019

• Intesa, BNPP build blowout books for SRI senior deals

  Intesa Sanpaolo and BNP Paribas hurried to make use of strong market conditions this week, building blowout order books for a pair of new senior deals in socially responsible formats.

  • 27 Nov 2019

• BBVA and DNB work on MREL with pref senior

  BBVA and DNB Bank were both looking to build towards their minimum requirements for own funds and eligible liabilities (MREL) in the euro market on Thursday, eschewing non-preferred senior issuance in favour of the cheaper preferred senior format.

  • 07 Nov 2019

• EU readies €150m MTN

  The European Union sent round a request for proposals (RFP) on Tuesday to dealers ahead of a €150m 15 year trade, following on from the EU’s €20m return to the MTN market last month.

  • 05 Nov 2019

• Montepio and NordLB Lux line up in covered bonds

  Caixa Economica Montepio Geral (Montepio) mandated leads for the second Portuguese covered bond of the year on Tuesday, and NordLB Luxembourg has signaled its intention to press ahead with its debut renewable energy covered bond following a roadshow.

  • 05 Nov 2019

• Euro SSA short end heats up amid ALM demand

  The short end of the euro curve is becoming the new sweet spot for public sector borrowers, according to SSA bankers, despite the deeply negative yields in these maturities. The European Stability Mechanism (ESM), Instituto de Crédito Oficial (Ico) and Investitionsbank Berlin (IBB) are all enjoying strong outings with three or five year tenors this week.

  • 24 Oct 2019

• People moves in brief

  JP Morgan changes line-up for energy and utilities, multi-nationals, UK ECM and UK M&A — UniCredit swaps out CEE investment bank head — Pigasse exits Lazard

  • 24 Oct 2019

• Ico and IBB shine in euro short end

  Instituto de Crédito Oficial (Ico) and Investitionsbank Berlin (IBB) found strong demand in the short end of the euro curve on Wednesday, which SSA bankers are calling the new sweet spot, despite the deeply negative yields.

  • 23 Oct 2019

• NordLB promotes SSA analyst to DCM

  NordLB has promoted a public sector fixed income analyst to its origination desk, covering supranationals and agencies.

  • 22 Oct 2019