Germany

German car manufacturer Volkswagen livened up investors’ Tuesday with a new triple-tranche deal.

Shares in Westwing Group, the German home and living e-commerce platform, fell as much as 11.4% in trading on Tuesday morning after the company priced its €114m IPO at the mid-point of its range.

GlobalCapital understands UK utility company Scottish and Southern Electric (SSE) is roadshowing in the US private placement (US PP) market for £400m ($528m) equivalent offer across dollars and sterling.

A senior fixed income syndicate banker at UniCredit has retired, GlobalCapital understands. Bankers at rival firms hailed him as “a true original and a character”.

Westwing Group, the German home and living e-commerce platform, is due to price its IPO at the middle of the range after the bookbuild was accelerated due to strong demand from investors for the stock.

NRW.Bank and Unédic drew solid results in the latest BondMarker scores, with the French agency just pipping the German issuer with its overall average.

Substantial demand for shares in the Frankfurt listing of Knorr-Bremse, a German manufacturer of brake systems, has led bookrunners accelerate the listing.

ProCredit Holding, which owns a group of commercial banks focused on SME lending across Europe and South America, is planning to issue its debut green bond.

Chinese white goods maker Qingdao Haier is planning to kick off bookbuilding for a flotation of D-shares in mid-October, set to be the debut offering for the asset class.

After celebrating German Unity Day on Wednesday, Deutsche Telekom (DT) wasted no time in getting back to its capital markets work with its first visit to the sterling market in 18 months, satisfying some of the latent demand in the currency.

The Schuldschein market processed €8.3bn of deals in the third quarter — more than in the whole first half of 2018 — as rising interest rates and higher spreads in the bond market have brought borrowers back.

Steven Maijoor, the head of pan-European securities regulator ESMA, on Wednesday called for European firms' continued access to UK clearing houses (CCPs) after Brexit, to address potentially massive disruption to markets.