Germany
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German car company BMW became the third issuer to sell a deal in the infrequent Eurodollar new issue market this November, as well as solidifying its position as the largest seller of corporate MTNs in 2017. -
Ford Motor Credit Co, the financial services arm of the US motor company, and Deutsche Bahn raised a combined €1.5bn from floating rate notes this week, attracting demand from the traditional fixed rate buyer base with four and seven year maturities.
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Institutional investors are feeling squeezed in the bustling Schuldschein market, as bank lenders are more willing to compromise on financial covenants and pricing margins.
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Institutional investors are feeling squeezed in the bustling Schuldschein market, as bank lenders are more willing to compromise on financial covenants and pricing margins.
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On Thursday German telecoms company Deutsche Telekom sold its third bond with a 2024 maturity, while Italian state owned railway operator Ferrovie Dello Stato issued its first green bond.
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Discussions between European member states over the supervision of foreign clearing houses have prompted potential changes to European Commission legislation that would strengthen the role of central banks and the ESRB, according to a leaked document seen by GlobalCapital.
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Land NRW hit screens with a five year benchmark this week, as hopes grew that a coalition government at the federal level could be formed in Germany, following weeks of talks. GlobalCapital examines the BondMarker scores for deals in the weeks leading up to Germany’s federal election — held on September 24 — and in its messy aftermath.
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The State of North Rhine-Westphalia launched a €2bn benchmark on Tuesday, printing with what leads said was zero new issue concession as the market prepares to shut down for year end.
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Both Gilt-edged market makers and investors predominantly support a reopening of the UK's 2048 inflation linked bond for its final syndication of the 2017-18 financial year.
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An absence of domestic German and Austrian blue chip firms from the Schudschein market, in a year when it is set to top last year’s record volumes, is a testament to its strength.
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Swiss food and drinks company Nestlé tapped a fourth currency market in three months on Tuesday when it printed a £500m 3.5 year bond ahead of a sterling redemption.
