Germany

The investment grade corporate bond market in the US finished April on a high, with more than $8bn of issuance on Monday. Issuers wanted to get the deals done before the US Federal Reserve met on Tuesday and it was a European issuers that led the way.

The impact of Brexit on the UK’s small and medium-sized companies appears to be waning — welcome news for the sterling US private placement market — according to Intermediate Capital Group research.

White goods maker Qingdao Haier has won approval from its shareholders to float D-shares on the Frankfurt-based China Europe International Exchange (Ceinex).

Hanover has become the first city to issue a green Schuldschein. The hope is that this transaction will be the first of many.

A flattening and rising US Treasury yield curve may be sparking concerns of a slowdown for the US economy but it is having the opposite effect on the short end of the dollar market for public sector borrowers, writes Craig McGlashan.

Phoenix Community Housing, a non-profit housing association from London, has raised £60m of private debt using delayed draw.

The Schuldschein market has been eerily quiet this week. German borrowers dominated a diminished deal flow while arrangers mulled over further price tightening to attract debut corporates and encourage existing issuers to refinance in the market.

Springer Nature, the German academic publishing group, has opened the books on its €1.3bn Frankfurt IPO with a price range that gives a “healthy discount” to peers.

RBC Capital Markets is losing two members of its US private placements team in New York, one of which is a business veteran.

Nfon, the German cloud telephone systems provider, has set the range on its Frankfurt IPO. The deal will be about roughly €138m, should a greenshoe be exercised.

Kommunalbanken has circulated initial price thoughts of 5bp area over mid-swaps for a no-grow $1bn three year benchmark, a level that bankers away from the trade said was 'well priced'.

German car leasing company Sixt Leasing had the benefit of meeting more than 30 investors and seeing another car leasing company print a deal before coming to market on Tuesday. However, based on order book size and pricing, this backdrop didn't help much.