Germany

A number of German IPOs progressed through marketing on Tuesday, but the general weakness in the IPO market is having an impact on the demand for the deals. Video game component manufacturer Cherry appears to be in a fairly strong position as it approaches the end of its IPO, but cycling e-commerce firm Bike24 looks to be struggling for momentum.

Standard Chartered's head of financial markets and financial market sales for continental Europe, Stephan Schrameier, is no longer with the bank.

In an innovative step for the Schuldschein market, German filter maker Mann+Hummel is marketing a deal that is both green and sustainability-linked. Several sources have said this could prompt more issuers to use this type of hybrid structure.

BayernLB launched its first green tier two in euros on Wednesday, bringing its pricing into a very tight level and challenging assumptions about the relative value of the German tier two market.

German fashion e-commerce company About You has traded up on its first day on the Frankfurt stock exchange bringing some cheer to a European IPO market which has been battered of late. However, UK e-retailer Made fell in trading after pricing its IPO suggesting the market as a whole can still be volatile.

Bike 24, the German online cycling shop, has set the price range for its IPO on the Frankfurt Stock Exchange, offering a hefty discount to online fashion retailer Zalando amid intense competition for the attention of investors in a crowded market for new listings in Europe.

Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark and bid-yields from the close of business on Monday, June 14. The source for secondary trading levels is ICE Data Services.

German eyewear retailer Mister Spex is preparing to go public, having announced its intention to float on the Frankfurt Stock Exchange on Monday.

As much as everyone would like to put the UK's messy divorce from the EU behind them, it remains a very live topic — especially for bankers who don't want to live in Frankfurt.

Germany’s BMW sold two Panda bonds in China’s interbank market on Thursday, tapping onshore liquidity with a publicly syndicated deal for the first time. The transaction was also a rare public outing from a ‘real’ Panda issuer.

Guarantor: Federal State of North Rhine-Westphalia

The German state of Hesse was marketing its new green bond framework this week ahead a of a debut deal in the format.