Germany
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After an unthrilling first quarter of 2018 for the Schuldschein market, analysts at two Landesbanks have issued pessimistic forecasts for this year’s deal flow and volume. -
German building materials company HeidelbergCement sold its first trade of 2018, replicating its last deal of 2017. It also priced the new deal at a spread close to that it paid in 2017.
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In an action not seen for years, a would-be Schuldschein issuer has been forced to withdraw its transaction because investors refused to participate, even after the lead bank offered much more attractive pricing terms.
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Two SSA borrowers printed euro benchmarks on Thursday, rounding out one of the strongest weeks of issuance in the currency of the year.
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Springer Nature, the German publisher of academic journals, has begun investor education for its IPO in Frankfurt.
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Some US private placement investors in London are investing more time and resources on bilateral US PP transactions that do not involve either syndication or agent banks, so as to gain full allocations and originate their own business.
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The investment grade corporate bond market has seen a “steady and sensible” start to April according to one investor as it attempts to stabilise following a volatile run through February and March.
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The head of covered bond origination at Société Générale is expected to leave the bank this week and is also relinquishing his role as deputy chairman of the European Covered Bond Council (ECBC).
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Chinese white goods maker Qingdao Haier said on Tuesday that it plans to float up to 400m D-shares on the Frankfurt-based China Europe International Exchange (Ceinex).
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In an action not seen for years, a would-be Schuldschein issuer has been forced to withdraw its transaction when investors refused to participate, even after the lead bank offered much more attractive pricing terms.
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The two borrowers that closed out the first quarter with benchmarks have now been examined by the BondMarker voters.
