Germany
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Berlin Hyp AG (BHH) has mandated joint leads for a roadshow to update investors on its green Pfandbrief programme, after which it plans to issue a €500m deal. -
ING’s German subsidiary has issued its largest ever Pfandbrief, one of the biggest from a German borrower this year, which, in the context of a volatile market backdrop, was deemed a great success.
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Jason Rothenberg, former head of MetLife’s corporate private placements in Europe, has returned to the US to start a new role at the institution.
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NordLB has recently expanded its covered bond trading desk, hiring a dealer with considerable experience in the market.
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Commerzbank is getting ready to sell its first green bonds, using the non-preferred senior format as a way of providing funding for renewable energy projects.
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Germany’s Uniper has refinanced its syndicated credit facility early, with the energy group joining a growing trend of borrowers trimming the number of banks in its lending group.
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Knorr-Bremse, the German manufacturer of brake systems for trucks and trains, opened IPO books on Monday and was covered almost immediately after launch.
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VC Trade, a leading digital platform in the Schuldschein market, has added law firms Linklaters and White & Case as its preferred counsel. VC Trade believes this cuts costs for Schuldschein borrowers prepared to engage with the technology.
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Knorr-Bremse, the historic German manufacturer of brake systems for trucks and trains, has set a range on its Frankurt listing, set to be one of the largest IPOs of the year.
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DZ Bank has sold its first green bond, getting tight pricing for a preferred senior security that will back the production of energy from onshore wind farms in Germany.
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Public sector borrowers snapped up cut price deals in the private markets this week, helping to quell trades in the benchmark sector.
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