Germany
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The State of Schleswig-Holstein returned to the market with a 10 year note on Tuesday. Meanwhile, KfW has announced a new five year euro deal, following on from January’s record KfW book for the maturity. -
Volkswagen has rebooted the IPO of Traton, its trucks division, after the deal was delayed in March due to volatility in equity markets caused by the ongoing trade tensions between the US and China.
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Global Fashion Group, the emerging markets-focused online fashion retailer, intends to raise €300m to finance its growth via an IPO on the Frankfurt Stock Exchange, the company said in a statement on Monday.
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Deutsche Bahn arrived with its first Kangaroo since 2018 this week. The MTN follows a quartet of public SSA issues that arrived earlier this week.
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Reliance Industries settled its debut Schuldschein for €405m on Thursday, in a transaction which was widely considered a success — and promising for any arrangers looking to transport the instrument out of Europe.
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KfW brought another landmark transaction under its recently updated green bond framework on Tuesday with a Skr7bn (€654m) issue that marked its largest bond in the Swedish currency.
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Brussels Airport has issued a €500m US private placement in three tenors in a “blowout transaction”, according to market sources.
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Münchener Hypothekenbank was the only financial institution to issue a euro bond this week, selling a senior non-preferred deal on Wednesday. The German lender attracted demand roughly similar to the bond's size of €250m, set from the start.
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Crédit Agricole has hired a former Barclays DCM banker for its corporate DCM desk.
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The German Financial Stability Committee suggested on Monday that the country’s financial supervisory authority (BaFin) raise the countercyclical capital buffer in the face of what it sees as increasing systemic risk.
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Münchener Hypothekenbank is looking to execute a trade for a seven year senior non-preferred bond, in a week pockmarked by national holidays across Europe. Meanwhile, Estonian bank Luminor will start investor meetings next week for senior preferred notes.
