Germany

Landesbank Hessen-Thüringen Girozentrale (Helaba) and WL Bank met contrasting outcomes for their euro denominated German Pfandbriefe issued this week.

Senvion, the German wind turbine maker, pulled its €700m IPO on Wednesday morning, after a difficult bookbuild that failed to deliver a covered book.

TAG Immobilien, the German residential property firm, sold 5m treasury shares in a €58.3m block trade, which a lead banker said was multiple times covered.

Lufthansa is in the market with a €300m Schuldschein, choosing the instrument as it offers cheaper rates than the bond market, according to a spokesperson for the German airline.

WL Bank issued a €500m mortgage backed seven year on Thursday, paying a limited concession with a high level of demand.

German car maker Daimler is planning to return to China’s onshore Panda bond market with a private placement in the interbank bond market, several sources familiar with the deal have told GlobalCapital Asia's sister publication GlobalRMB.

Deutsche Börse and the London Stock Exchange Group have agreed terms for an all-share ‘merger of equals’, in a push for European derivatives dominance that turns up the pressure on US rivals.

Senvion, the German wind turbine maker, pulled its €700m IPO on Wednesday morning, after a difficult bookbuild that failed to deliver a covered book.

Commerzbank launched a €1bn 10 year tier two transaction first marketed in January on Wednesday, as investors continued to commit in large numbers to new subordinated bank debt offerings.

Caisse d'Amortissement de la Dette Sociale found strong demand at the five year part of the dollar curve on Tuesday, as L-Bank delayed a deal in the same currency and tenor.

UniCredit has announced a series of changes to its international wholesale businesses, including establishing a new UK coverage business.

Deutsche Bank launched a defensive three year senior trade on Tuesday, as the lender looked to make its way back to the public debt market after a tumultuous start to the year.