Germany

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.

German real estate firm VIB Vermoegen is in the market for a €60m Schuldschein. Not only is a property borrower a rare sight in the market but the deal also raises questions about the subordination of Schuldschein debt.

German automotive parts manufacturer Ifa Rotorion grew its Schuldschein from €100m to €140m in syndication, reaching the maximum amount the borrower was willing to take, according to one banker.

Stoxx has licensed its newly created iStoxx FactSet Thematic Indices to BlackRock’s iShares to provide the underlying for four exchange traded funds.

RWE, the German utilities group, will float its renewables and power distribution business Innogy on the Frankfurt Stock Exchange in the fourth quarter, the company said in an intention to float document on Monday morning.

The head of funding and debt investor relations at Deutsche Pfandbriefbank (PBB), Götz Michl, talks to The Cover about why his bank has joined the European Covered Bond Council’s Label Foundation.

The sterling market for public sector borrowers woke from its summer slumber with a bang this week, as a series of issuers approached the currency in a variety of ways and for different reasons.

KfW this week added its name to a run of offshore renminbi issuers over the last few weeks, with investors appearing to be keen for paper that can offer a yield of over 3%.

KfW has printed a large MTN in Norwegian kroner, as bankers reported an uptick in international investors betting on a rise in the currency.

Natixis Pfandbriefbank priced its debut publicly syndicated transaction on Wednesday after previously only issuing private placements.