Germany
-
Uniper, the German power and gas company on Wednesday issued its first public bond since spinning off from E.ON earlier this year, tapping the short end of the curve with a two year offering. -
Rentenbank sold what is likely to be its final benchmark of the year on Tuesday.
-
Varta AG, the German maker of micro-batteries for hearing aids and wireless headphones, has withdrawn its Frankfurt IPO that was due to be priced on Tuesday, blaming the “current unfavourable market environment”.
-
Lanxess, the German chemicals company, issued a €500m hybrid capital bond on Tuesday as it sought financing for its acquisition of Chemtura.
-
Companies are continuing to use windows for corporate bond issuance ahead of Sunday’s Italian referendum, as three borrowers hit the euro bond market on Tuesday.
-
Eurex, the derivatives exchange of Deutsche Börse, has launched a daily future linked to the Kospi-200 index, which will be fully fungible with contracts traded on the Korea Exchange (KRX).
-
Rentenbank has announced that it will sell a five year dollar bond on Tuesday, winding up its 2016 funding programme and making the most of what a banker at one of the leads called “one of the last good windows of the year”.
-
One of the last two substantial European IPOs of 2016 looks set to be completed on Friday, when RussNeft, one of Russia’s 10 largest oil companies, floats in Moscow for at least $495m.
-
European and UK issuers have driven the US Private Placement (US PP) market to near record highs, despite concerns around the Brexit vote and US presidential elections. Now, the prospect of the end of an era of record low rates could push volumes to unprecedented levels, writes Elly Whittaker.
-
-
-
The European Commission this week announced a banking reform package that will result in changes to the CRR and CRD IV capital requirement legislation, as well as changes to the BRRD and SRMR legislation relating to recovery and resolution of failing financial institutions. The package is very broad, so we won’t attempt to comment on all of the measures.
