Germany

NAC Aviation 29, a subsidiary of Danish aircraft lessor NAC Aviation, has raised its first Schuldschein. The first drawdown of the debt is expected before new year. Many in the market had doubted the deal would get done.

Dealogic could be one of the last leveraged loan deals to close in 2017. With allocations of its dividend recapitalisation loans due on Friday, the deal is likely to cap what has been an all-time record year of issuance in the European leveraged loan market.

How the Schuldschein market reacts when a borrower has payment difficulties has been a perennial question since the instrument reached a global audience. The revelations about possible false accounting at Steinhoff are likely to prove one of the market's biggest tests yet.

Steinhoff International’s shares jolted downwards again today as it met its banks in London, seeking their support to get through the difficulties caused by apparent false accounting.

Germany has announced its funding target for 2018, reducing its long term fixed-income target by €5bn from its 2017 number but aiming for a total, including short term instruments, of €183bn — up from €172bn in 2017.

As the final deals of 2017 are closed in the Schuldschein market, bankers are already busy working on an expected January rush.

Vonovia, the German housing company, is likely to issue debt next year, to finance its €5.2bn cash offer for Austrian peer Buwog, announced on Monday morning.

Wohnungsbaugesellschaft Magdeburg, a German housing company owned by the city of Magdeburg, has issued a Schuldschein with tenors above the usual maximum threshold of 10 years.

Futures based on cryptocurrency bitcoin exploded onto US exchanges this week, with traders looking to expose themselves to the asset's incredible volatility and authorities sounding warnings.

Bitcoin, the cryptocurrency that has taken capital markets by storm, may be coming to European derivatives exchange Eurex, according to a spokesperson.

Vossloh, the German rail technology company, has signed a €150m revolving credit facility with a club of eight banks to refinance a loan signed in 2015.

Eurex, the Deutsche Boerse-owned derivatives exchange, had technical issues on Wednesday morning, with users unable to start trading products at their normal 8am start.