Germany
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French retailer Auchan has launched a Schuldschein, the first non-German corporate to enter the market since coronavirus hit European capital markets. -
This week's funding scorecard looks at the progress of Europe's supranationals and agencies in the middle of May.
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Unédic and NRW.Bank are planning to issue their first ever social bonds. The proceeds of Unédic's bond will go towards providing support for the French state unemployment package.
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A €1bn block of shares in TeamViewer, the German remote access software company, sold by investment firm Permira, one of its IPO sellers, garnered strong demand from investors on Wednesday evening.
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The European Investment Bank inaugurated its sustainability awareness bond (SAB) framework in Australian dollars on Tuesday, while on Wednesday NRW.Bank printed the largest SSA Kangaroo so far this year.
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The IPO of Exasol, the German database analytics firm, has launched on the Frankfurt exchange in the same week as Pexip, the Norwegian video conferencing firm, priced its Nkr2.14bn ($206m) listing in Oslo following a fully electronic marketing process.
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A block of 840,000 Delivery Hero shares was placed with investors on Monday night after a number of employees exercised stock options in the German food delivery company.
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Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark and bid-yields from the close of business on Monday, May 11. The source for secondary trading levels is ICE Data Services.
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Euro area banks have increased their reliance on preferred senior funding during the coronavirus crisis, fuelling speculation that some lenders may be expecting a softening of their minimum requirements for own funds and eligible liabilities (MREL).
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Several borrowers have entered the Schuldschein market after car parts maker Robert Bosch fired the starting gun on the market's reopening last week. Market participants are now eager to know which will be the first non-German issuer.
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Five public sector borrowers are marketing dollar bonds across the curve kicking off what it is expected to be a busy week in the currency.
