Germany

Wüstenrot Bausparkasse issued a €250m eight year Pfandbrief and, though it was smaller and attracted less demand than its debut deal, the new issue premium was tight.

US firm Medical Properties Trust has signed a €655m secured financing package as the real estate investment firm enters into a European joint venture with France’s Primonial Group.

Two banks made their public debuts in the senior preferred asset class with sub-benchmark deals this week: Münchener Hypothekenbank and Ålandsbanken.

On the same day BMW reopened the euro corporate bond market following the summer break, Daimler reopened the sterling market. On Wednesday, BMW decided to follow a similar path to Daimler for its own sterling deal, but could not achieve quite the same success.

Eurex, the derivatives exchange belonging to Deutsche Börse, reported a 56% increase in traded equity derivatives contracts in August 2018 compared to the same period last year.

Germany’s Cheplapharm Arzneimittel has signed €780m of loans, with the pharmaceutical company using the funds to refinance debt and fund acquisitions.

Deutsche Hypo has mandated joint leads for a green Pfandbrief to be issued off its mortgage Pfandbrief programme.

Deutsche Börse, the parent company of derivatives exchange Eurex, is merging the sales and product design departments for fixed income and equity index derivatives at Eurex.

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German car leasing company Sixt has raised €200m in the Schuldschein market, part of which was sold through Helaba’s platform, VC Trade. As the market digitises, two platforms — one promoted by Helaba and one by LBBW — are pulling ahead of the pack. But three other platforms are nipping at their heels, positioning themselves where the other two find it harder to reach.

SIX, an exchange company in Switzerland, is angling to take full advantage of the advent of distributed ledger technology (DLT). With its new digital asset platform, the company hopes to profit from easier securities settlement and a new method of raising capital that involves issuing cryptocurrency.