Germany
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Vonovia, the largest residential property company in Germany, raised €1bn on Thursday night to finance its proposed acquisition of Victoria Park, the Swedish property company. -
Bayer has taken the last step towards separating Covestro, its former plastics division, after pricing the biggest equity block trade of the year so far.
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Sixteen banks have made the most concerted effort yet at defining how to do scenario analysis on climate change — the core risk management exercise called for by the Task Force on Climate-Related Financial Disclosures.
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A solitary syndication from KfW broke the otherwise placid waters of the public sector debt market on Wednesday.
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The International Organization of Securities Commissions on Thursday scolded central counterparties for not doing enough to implement policies to ensure their stability.
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German car company Daimler raced from one side of the Atlantic to the other this week to raise €6.7 equivalent from 10 tranches of bonds with tenors from two to 10 years.
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On Thursday, German car manufacturer Daimler made its second visit to the corporate bond market with a €2.25bn dual tranche offering. This followed a $4bn seven tranche issue on Monday.
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A solitary syndication from KfW broke the otherwise placid waters of the public sector debt market on Wednesday.
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Paradigm Housing Group, a UK housing association, has sold £100m of 30 year US private placement notes to a single investor, using a lengthy delayed draw.
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Raiffeisen-Landesbank Steiermark is expected to open order books on Thursday for a €500m 15 year Austrian Pfandbrief, LBBW is planning a UK roadshow with a sterling Pfandbrief in mind and Aktia Bank has announced plans for a euro covered bond roadshow.
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Two unnamed Nordic issuers are considering raising long dated US PP dollar debt in the next few weeks, according to an agent in the market. But Nordic issuers are often tricky to tempt away from their local markets.
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Interest rate derivatives platform CurveGlobal launched futures based on the sterling overnight average, a designated successor to Libor, on Monday. The chief executive of the platform, Andy Ross, told GlobalCapital that he expected the new product to “develop over time”, and that the platform would not release any other Sonia futures until liquidity improved sufficiently.
