Germany
-
Danish agricultural company Dansk Landbrugs Grovvareselskab (DLG) entered the Schuldschein market on Monday, in search of at least €100m. -
Schuldschein buyers fear a further round of price tightening is nearing after Continental and Lufthansa both closed transactions that were three or four times oversubscribed. But as investor orders were substantially scaled back in both instances, some are considering inflating their bids to guarantee their desired amount.
-
Eurex, the futures and options exchange, has pointed to low volatility and the upward trend for global share prices in its latest update on the derivatives market.
-
-
German airline Lufthansa took a daring step in mid-March and decided to launch a Schuldschein transaction exclusively via the digital platform VC Trade. It has proved a shrewd move and will likely be game-changing for VC Trade in the battle for digital dominance.
-
A bid by VC Trade, an emerging technology platform for the Schuldschein market, to overcome resistance and cement its position in the market appears to have paid off this week, as a deal for Lufthansa executed solely via the platform succeeded handsomely. This could prove a turning point for the use of tech in the Schuldschein sector and perhaps other corporate debt markets. Silas Brown reports.
-
BMW Automotive Finance (China) is on track to launch its debut auto lease receivables-backed securitization. The company is expecting to close the Rmb2.5bn ($373m) Bavarian Sky China Leasing 2019-1 asset backed note later this week.
-
-
-
MünchenerHyp (MuHyp) issued the longest-ever benchmark Pfandbrief on Thursday, tapping into investors’ thirst for yield amid low interest rates. Investors poured into the book, lodging more demand than for any Pfandbrief issued for at least eight years.
-
German defence firm Krauss-Maffei Wegmann (KMW) has signed a €350m loan, amid a wave of mid-market activity in the European loan market.
-
An equity-linked banker at Berenberg is leaving to join Jefferies as head of its continental European structured equity solutions business, GlobalCapital understands.
