Germany
-
-
Bayer clinched a $66bn agreement to buy Monsanto this week, forming a global leader in farming technology and promising a shower of capital markets transactions that will test debt and equity markets — but may also delight them.
-
The grins on the faces of Werner Baumann and Hugh Grant, chief executives of Bayer and Monsanto, look genuine enough. The deal they have struck could catapult Baumann to head of the world’s leading agribusiness company and net Grant a reported $226m.
-
Deutsche Bahn was alone in the euro investment grade corporate bond market on Thursday, as it printed a €500m 12 year transaction on a soft day in financial markets. -
Debt collector Lowell GFKL — formed by a merger between the UK’s Lowell Group and Germany’s GFKL Group in late 2015 — hit the road to entice investors into its floating rate notes, which it will use to add a third company to the group, Germany’s Tesch Inkasso.
-
Bayer, the German life sciences company, has clinched an agreement with the board of Monsanto to buy the US company for an enterprise value of $66bn, to be financed with one of the largest rights issues in history.
-
On Wednesday, Bayer said that five banks have agreed to provide the hefty bridge loan for its $66bn acquisition of US agrochemicals specialist, Monsanto. But the $57bn deal is not yet being syndicated, according to one of Bayer’s relationship banks.
-
Rentenbank updated its on-the-run 10 year Kangaroo year note on Wednesday, trying to keep Asian investors interested in this key area in the borrower's funding programme.
-
HSH Finanzfonds printed its first ever public bond on Tuesday, attracting strong enough demand for two rounds of price tightening.
-
Canada Pension Plan Investment Board will sell its first ever bond on Tuesday, and HSH Finanzfonds mandated what will be its longest dated bond ever.
-
Shares in Hamborner Reit, the German real estate investment trust, fell by as much as 8.3% on Tuesday morning after the company said it would try to raise up to €166.5m, though a seven-for-two rights issue to finance the acquisition of new properties.
-
German healthcare group Fresenius has mandated three banks to provide a bridge loan for its €5.76bn acquisition of Spain’s largest private hospital group, Quirónsalud, and may add a fourth, according to a banker close to the deal.
