NordLB top stories

• Negative rates will make euro covered bond market less international, says NordLB

  

  The risks associated with issuing at negative yields will drive non-European issuers away from the euro covered bond market, according to a report from NordLB.

  • 30 Sep 2019

• People moves in brief

  BNP Paribas hires UK advisory head — Créd Ag’s credit unit chief moves to markets role — AIIB hires ICBC loan syndicator.

  • 01 Aug 2019

• NordLB banker to join Ålandsbanken treasury

  A rates and structured sales banker at NordLB has resigned and will taking a job in the treasury department of Ålandsbanken, a bank headquartered in the Åland Islands, an autonomous region in Finland.

  • 01 Aug 2019

• German industry body DKS floats majority lending clauses in Schuldschein market

  Deutsche Kreditmarkt-Standards (DKS), a German industry body, held a conference call with Schuldschein participants on Thursday afternoon to discuss restructuring in the Schuldschein market, and whether there is a case for a standardised collective action clause.

  • 25 Jul 2019

• Schuldschein offers home and foreign debutants cheap cash

  As its profile grows, the Schuldschein market is attracting a healthy supply of new issuers. Increasingly, these come from abroad, but banks are still finding a good number of German companies to woo to the market for the first time, like DIC Asset this week.

  • 18 Jul 2019

• Asfinag gets strong reception for 10 year with positive yield

  Austrian agency Asfinag won a big order book on Tuesday, allowing it to price 3bp tighter than guidance, in a 10 year tenor the issuer hasn't accessed since 2009. Municipality Finance and the German federal state of Lower Saxony will add to the euro SSA supply on Wednesday with a 10 year green bond and a seven year benchmark, respectively.

  • 02 Jul 2019

• Hanover mandates for ultra-long Schuldschein

  The City of Hanover is returning to the Schuldschein market with a dual tranche, long dated deal, around a year after it became the first city to issue a green Schuldschein.

  • 07 May 2019

• Covered bond MD leaves NordLB for Helaba

  The head of FIG origination and syndication at NordLB has resigned and is understood to be heading for Landesbank Hessen-Thüringen (Helaba), where he will have an expanded role.

  • 30 Apr 2019

• Denmark’s DLG heads to Schuldschein market

  Danish agricultural company Dansk Landbrugs Grovvareselskab (DLG) entered the Schuldschein market on Monday, in search of at least €100m.

  • 23 Apr 2019

• Basque Country tightens by 5bp for sustainable bond

  The Basque Government was able to tighten pricing by 5bp from initial price thoughts as it received soaring demand for its 10 year sustainable bond on Tuesday — its biggest public issue since 2009.

  • 09 Apr 2019