Germany
-
Landesbank Hessen-Thueringen Girozentrale (Helaba) returned to the euro covered bond market on Tuesday for its second deal of the year, as Royal Bank of Canada was set to issue the second deal from a Canadian bank in dollars this year. Bank dealers reported more mixed flows in the secondary market compared to last week but sentiment is still positive.
-
L-Bank is set to print a five year dollar benchmark as investors eagerly await the outcome of this week’s Federal Open Market Committee (FOMC) meeting. -
Telefónica Deutschland, the German subsidiary of telecommunications group Telefónica SA, is in the market for a syndicated loan, according to bankers.
-
A funding official at a leading public sector borrower will move to a bank’s syndicate team in the summer, GlobalCapital understands.
-
Another week and another first for the Schuldschein market, in what has been a stunning first quarter for the German private placement market. Fresenius US Finance II has completed the largest dollar deal in the market, raising $400m, according to bankers.
-
-
-
-
-
Berlin Hyp (BHH) issued the first negative yielding fixed rate euro covered bond on Tuesday, days before the European Central Bank lowered the discount rate further into negative territory.
-
Many other issuers, and particularly those in Germany, likely to follow Berlin Hyp's lead with negative yielding covered bond supply.
-
The German bank is building on momentum in European DCM with an expansion of its corporate finance business, writes David Rothnie.
