Germany
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German loan market participants have low expectations for syndicated loan volumes over the next year, although Schuldscheine will provide some hope, according to the latest Loan Market Association (LMA) poll. -
A pair of public sector borrowers are lining up to sell dollar floating rate notes on Thursday, following a series of floating and fixed rate deals in the currency on Wednesday.
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Public sector borrowers are nipping in with short dated dollar deals before next week’s US Federal Reserve meeting with the central bank looking less likely to raise rates.
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The 10 year Bund yield hit a record intraday low on Tuesday, as a German region increased a deal size and a French agency lined up an unconventional eight year deal.
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A trio of issuers have lined up short end dollar deals for pricing on Wednesday. Some bankers said the focus on threes and fives was in response to poor US jobs data last week, although that view was not universal.
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Citigroup has hired an equity capital markets banker from Deutsche Bank to help its business in the German-speaking region.
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German bund yields have dipped below the ECB’s main deposit rate of minus 0.4%, meaning that they are no longer eligible for purchase under the ECB’s asset purchase programme.
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Four banks have undewritten a bridge facility to support Groupe SEB's acquisition of WMF Group and the company is understood to be considering a small syndication of the facility.
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Deutsche Kreditbank (DKB) enjoyed a healthy reception for its senior debut on Wednesday, with its choice of green funding a clear match for its operations.
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Deutsche Börse and the London Stock Exchange Group (LSE) have confirmed that they will hold a merger vote after the UK’s referendum on European Union membership on June 23, having previously said that Brexit would harm rival US bids, but not their own plans.
