Germany
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The German parliament has voted to remove a legal obstacle that had prevented the issuance of bonds that were not tied to a physical sheet of paper, as issuers across Europe increasingly look to offer fully digital securities. -
Credit Suisse equity capital markets veteran Stephane Gruffat is set to join Deutsche Bank, according to an internal memo seen by GlobalCapital.
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Two SSA issuers were expected to follow Tuesday’s outing in euros from the EU, but only one elected to brave the market on Wednesday.
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Suse, the German software company, was trading just above its IPO price on its first day of trading on the Frankfurt stock exchange, a success for the company given the volatility in European equity markets.
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CDP Financial, one of Canada's largest public pension asset managers, joined three other public sector borrowers in the dollar market on Tuesday to sell its debut green bond.
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Moody’s has placed Deutsche Bank on review for a ratings upgrade, praising the firm for making "swift and pronounced progress" towards its restructuring goals. The rating agency wants to determine whether the German bank can sustain a recent improvement in its earnings, which has largely been fuelled by an outperformance in its capital markets business.
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A block trade in Befesa, the German metal recycling firm, proved that overnight deals can be done in the EMEA blocks market, despite heightened volatility.
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The €173m IPO of hGears, the German maker of high-precision gears for e-mobility, is more than three times covered, ahead of final pricing later today.
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The IPO of Suse, the German open source software company, was in high demand as it closed the order books on its Frankfurt listing.
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Suse, the German open-source software company, has narrowed the price range for its €1bn IPO on the Frankfurt Stock Exchange.
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Berlin Hyp and HVB took advantage of strong market conditions this week to issue to highly successful Pfandbriefe.
