Germany
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Eurex, the derivatives exchange of Deutsche Börse, has hired Lee Bartholomew and Zubin Ramdarshan to work on research and development for new derivatives products.
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Germany is likely to lead gross supply of covered bonds next year, and many analysts are forecasting it will see its first proper net increase in years. Even so, the market is likely to remain well supported. -
KfW placed its final deal of the year on Tuesday, tapping a short dated sterling line and making this the busiest December for offshore SSA sterling issuance in over a decade.
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Fresenius, the German kidney dialysis group, has closed its second Schuldschein issue of the year, growing the deal from the launch size of €400m to €1bn, which brings the its total issuance in the market this year to €1.38bn.
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The European Commission will focus on post trade and clearing in its review of the proposed merger between London Stock Exchange and Deutsche Börse, having narrowed its list of concerns from September. But the race is on for the exchanges to address these concerns, with less than three months until a pivotal deadline.
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Innogy, the renewables, retail and grids subsidiary of RWE, is on course to be made liable for €10.1bn of bonds issued by its parent, after gaining approval from a majority of bondholders for a consent solicitation this week.
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Eurex has decided to introduce a number of changes in 2017 to MSCI indices and related futures, after consulting with users for the exchange’s November review.
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Deutsche Telekom and Hellman & Friedman have sold a 6.5% stake in Scout24, the German classified advertising website company, for €224m, through an accelerated bookbuild launched on Monday night.
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Bats Europe is to add several benchmark indices spanning French, German, Italian and Swiss markets and expects these to support derivatives products in the future.
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KfW tapped a December 2019 sterling line on Tuesday, printing £200m to round off the agency's strongest year in sterling since 2008.
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Groupe SEB has set a new record for a French borrower tapping the booming Schuldschein market, raising a whopping €800m to help it buy a German company.
