Germany
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An attractive Scandinavian market led two European sub-sovereigns to print private notes this week.
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Young and Co’s Brewery, the owner and operator of roughly 220 pubs in London and the south east of England, has entered the US private placement market.
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The Autonomous Community of Madrid has participated in a ‘proof of concept’ Schuldschein transaction on blockchain with BBVA. The loan is also sustainability-linked.
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The Federal State of Saxony-Anhalt issued its debut Norwegian krone bond on April 1. The treasury was pleased with a successful private placement that could open up a new funding market for Saxony-Anhalt.
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Eurex's Repo Partnership Programme, which it started on February 1, appears to be bearing fruit. The average volume of financing in the exchange's repo markets segment in March was 23% higher than a year ago.
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Public sector borrowers were able to achieve zero or negative new issue premiums and close books early in the euro market on Tuesday as investors piled into haven assets amid a weaker outlook for global growth.
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Otto, the family-owned German online and catalogue retailer, brought its first sustainable bond issue on Thursday. But despite it offering an interesting new flavour to green bond investors, the deal's sale produced an underwhelming result.
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A trio of public sector borrowers hit screens with mandates on Monday ahead of what SSA bankers say will be a busy week of supply following a glut of benchmark issuance towards the end of the first quarter.
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Neopost, the French postal equipment maker, is marketing a dual currency Schuldschein, becoming the latest in a run of French firms to enter the market.
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Berlin Hyp has offered to buy its sole remaining public sector Pfandbrief, which is due to mature in May, after Moody’s withdrew the bond’s Aaa rating on Monday.
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A senior director in the capital markets funding team at a German agency has left to join UniCredit’s FIG team in Munich, GlobalCapital understands.
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