NordLB top stories

• Enervie unravels syndicated loan into collection of financings

  

  Enervie, a German energy supplier, has completed a €170m refinancing package, taking the unusual step of swapping a single syndicated facility for a collection of different funding sources.

  • 07 Jul 2021

• German utility Wemag opts for lengthy Schuldschein

  Wemag, a state-owned electricity firm in Germany, has launched a 10 year Schuldschein through NordLB’s digital platform, Finpair. Wemag follows two Austrian utilities in supplying deals at a longer tenor.

  • 20 May 2021

• Investors push back over NordLB’s legacy bond termination

  A group of bondholders is threatening legal action against NordLB, claiming the German lender is acting in bad faith by trying to terminate its silent participation capital notes.

  • 26 Mar 2021

• AT1 extension risk at rock bottom as Handelsbanken calls deal

  Svenska Handelsbanken has become the latest European bank to put out a call notice for one of its additional tier ones. Market participants are expecting a clean sweep of redemptions for the asset class this year.

  • 25 Jan 2021

• Altitude Infrastructure gets €266m loan funding

  Altitude Infrastructure, the French telecoms company, has signed a €266m credit facility, which it will use for two fibre optic networks.

  • 22 Jan 2021

• Brandenburg undersubscribed for 25 year deal as Land NRW hits screens

  The State of Brandenburg failed to reach full subscription for a new 25 year trade on Wednesday as it priced at an exceptionally tight level to its secondary curve.

  • 20 Jan 2021

• Pfandbrief unflustered as NordLB subsumes Deutsche Hypo

  The combination of Deutsche Hypo into NordLB has failed to cause much of a stir in the covered bond market as, even though the merged cover pools will be very different, spreads between their Pfandbrief curves have little room for manoeuvre.

  • 08 Jan 2021

• SSAs storm back into euro market amid strong backdrop

  Public sector borrowers wasted no time in getting back to business in the euro market in 2021 with one live deal and four mandates all hitting screens on Monday as issuers look to take advantage of an almost full trading week and a supportive market to make a dent in their brand new funding programmes.

  • 04 Jan 2021

• Investors fret over NordLB Lux as wind-down looms

  Investors holding the covered bonds issued by NordLB in Luxembourg said on Wednesday that they were concerned about prospective rating downgrades after the bank said it would be wound down and in the wake of Fitch’s announcement on Tuesday that it had withdrawn its covered bond rating.

  • 02 Dec 2020

• KfW readies seven year euro benchmark

  KfW mandated banks for a seven year euro benchmark on Monday, a deal which was already expected to arrive this week and could well be the German agency’s final public deal in the currency this year.

  • 12 Oct 2020