Germany
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German aircraft engine manufacturer MTU Aero Engines issued a €500m seven year convertible bond on Wednesday to refinance a previous vanilla bond more cheaply. -
KfW is back in the green bond game, after mandating banks for what Dealogic data shows will be its longest dated deal in the format yet.
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German specialty chemicals company Evonik Industries launched €1.9bn of loans into syndication on Wednesday.
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DG Hyp priced the tightest and most oversubscribed German 10 year covered bond of the year on Wednesday. The strong result pays testimony to constructive covered bond sentiment which is being driven by prospective supply scarcity and relative value to government bonds.
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One of Germany’s largest renewable energy project lenders has mandated banks for a debut green senior unsecured bond, which a banker involved in the trade labelled “greener than green”.
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L-Bank printed a five year deal on Monday as the sterling market kept up solid momentum from last week.
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The €640m loan for German hardware manufacturer Stabilus will include a €115m bridge to equity facility.
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Deutsche Hypo mandated leads for an Aa1-rated euro-denominated eight year, only the second German covered bond in that tenor this year.
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Deutsche Bank launched a three-tranche dollar senior offering on Monday, taking advantage of a quiet FIG market to raise funding ahead of an expected tier two issue later this week.
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Deutsche Bank will begin a roadshow next week for a euro denominated tier two transaction, with uncertainty remaining over European authorities’ fondness for additional tier one as regulatory capital.
