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The article reports on the sale of a 300 million dollar commercial paper (CP) by Ireland's National Treasury Management Agency. The deal is considered as the largest deal made by Ireland in two months. Issuers from Germany, the Netherlands and France also sold CP in sterling and dollars which prompted sovereign, supranational and agency issuance in both denominations, including FMS Wertmanagement and L-Bank.

The article reports on the developments in the operation of German firm KfW, including plans to raise 70-75 billion euros in 2013. According to the company's head of capital markets, Horst Seissinger, they expect higher interest in their bond issuances in 2013. Seissiner said that they will still focus on Asian currencies, particularly on Hong Kong and Singapore dollars.

The article reports that German winding-up agency Erste Abwicklungsanstalt (EAA) has expanded its global commercial paper (CP)programme limit in a bid to broaden its investor base. On May 7, 2012, a new limit of 20 billion euros has been set by EAA. Holger Dohra of EAA explains the decision to change the limit of its CP programme. Dohra expects EAA's outstandings to hit double digits by the end of 2012. The EAA decision to double its CP programme is intended to lure more dollar investors.

The article reports on the efforts being done by Erste Abwicklungsanstalt (EAA) to finalize its preparations for a global commercial paper (CP) programme in 2011. Such programme is expected to catch the attention of investors facing low yields on dollar paper from sovereign, supranational and agency borrowers. A CP dealer expressed his belief in the strength of the credit of EAA.

Reports on the plan of Landesbank Baden-Württemberg (LBBW) to launch a structured investment vehicle (SIV) as a solution for its commercial paper issues following the removal of its state guarantees in Germany. Need for LBBW to innovate to cope with the severe spread compression in assets and mortgage backed securities; Intention of HSH Nordbank to launch its own SIV; Factors being considered by LBBW before using SIV.

Reports on the multicurrency EuroCP program issued by German firm Robert Bosch company as of October 11, 2002. Purpose of the EuroCP facility; Value of the Bosch commercial paper issue; Approach of Bosch with the EuroCP facility.

The article relates the comment of Hongkong and Shanghai Banking Corp. (HSBC) on a bond issue that was launched by HSBC Bank plc on July 9, 2010. The bookrunner stated that there was rarity in the issuance by HSBC Bank plc of a euro senior paper. Investors in such bond issue came from several countries including Iberia, Germany, and France. Also included are distribution by investor type and market appraisal.

The article reports that German engineering firm Siemens raised Eu1.1 billion in its first benchmark-sized Schuldschein deal. The deal was split into five year and seven year fixed and floating rate tranches. The Schuldschein market has increased in popularity among large corporate issuers recently because it offered cheaper funding than the bond market when corporate bond spreads widened this year.

The article reports that Vodafone tapped the Schuldschein market which offers further proof of the German debt instrument's growing international following. The borrower plans to debut with a five year Schuldschein of at least €200 million. The deal will be split into floating and fixed tranches, the distribution of which will depend on investor demand. Lead arrangers on the deal are Commerzbank, DZ Bank and WestLB.

The article offers information on the euro-denominated corporate bond issued by Land Berlin. Joint bookrunners of the deal include Dexia Capital Markets and JP Morgan. The transaction was handled on a retention basis. Demand for the paper came from various countries including France, Ireland and Germany.

Reports that the German bank HVB has established a bond Euro asset backed commercial paper program called Salome. Estimated size of the tranche; Maturity of the currencies to be issued by HVB; Expection of bankers on the demand for the program.

The article talks about the international bond issue by the state of Brandenburg, Germany amounting to 125 million Swiss francs (Sfr). The bond issue, which is set to mature on December 3, 2010, is managed solely by Credit Suisse. The borrower claimed that they would have preferred a longer maturity as they were swapping from euros but it was the ideal maturity because the basis swap for euros to Swiss francs was cheapest for that duration. Bookrunners said that the swap market is currently very volatile in October 2008.

The article reports that the city state of Berlin, Germany ventured into the euro market by selling seven year fixed rate bonds and issuing a six year floater in July 2013. Berlin's 1.5 percent August 2020 notes was priced by BayernLB, Dekabank and UniCredit at three basis points (bp) over mid-swaps. It then sold six year floating rate debt priced by LBBW and WGZ Bank which failed to reach full subscription.

This article reports on the move of Commerzbank to offer a cash tender on tier one paper in December 2011. The tender was made after the German bank offered to buy back trust-preferred securities at deep discounts to obtain capital. The bank plans to reduce loan volumes, retain earnings and run down non-strategic assets.

The article reports on the success of the corporate bond issuance by French waste management company Veolia and German utility firm E.On in the sterling bond market in October 2007. Veolia issued a $500 million 30 year deal through Barclays Capital, HSBC and Royal Bank of Scotland. The French company brought its deal at 150 basis points (bp) over Gilts, equivalent to 115bp over swaps. E.On priced £500 million of 12 year paper and £900 million of 30 year bonds.

The article presents an update on the covered bonds market in Germany as of May 2006. The Eu1.5 billion mortgage of HVB benefited from the scarcity of German 10-year paper. BayernLB has been mandated by Stadtsparkasse München as bookrunner for a public sector mortgage.

Focuses on the implication of the success of the German UMTS auction to the credit facility market. Total amount of fund raised by the auction; Winners of the auction; Status of the spreads on telecommunication paper.

The article reports that Germany's Schuldschein market reached a new prominence in April 2008 as BMW raised 1.35 billion euros of debt. BMW Finance's five year deal comprised a floating rate tranche of more than 900 million euros and around 400 million euros of fixed rate paper. Leads Bayerische Landesbank and Landesbank Baden-Württemberg described as the largest issue of its type and the first corporate Schuldschein over 1 billion euros. Schuldscheine are a specific form of loan under German law

Comments on bond issues launched from May 24 to 26, 2005. Background on the bond transaction in U.S. dollar in Germany; Price of the bond in euro issued by Compagnie de Financement Foncier.

Reports on the initiative launched by Commerzbank, Deutsche Bank, Dresdner Bank and HypoVereinsbank in Germany which aims to securitize corporate loans by 2004. Amount of corporate loans the banks want to securitize; Weaknesses of the German banking system; Benefits of the initiative; Details on the initiative.

The article reports on bonds launched by German printing press manufacturer Heidelberger Druckmaschinen and German tissue-paper producer Wepa Hygieneprodukte in December 2013. Topics discussed include Heidelberger Druckmaschinen's earlier issuance of another bond, its financing strategy and structure, and its use of the proceeds. Also mentioned are Wepa's note prices, its production of private label products for supermarkets in Germany, and its financial performance for the year to March 2013.

The article reports on the launch of three tranches of senior unsecured paper by German multinational financial services firm Allianz on March 5, 2013. It printed 15-year, no-grow five-year and 30-year papers through HSBC, Commerzbank, Deutsche Bank and Société Générale as bookrunners. The five-year loan was the most popular among the deals and gained 2.25 billion euros book from 180 accounts. The 15-year loan was priced at 98 basis points over mid-swaps.

The article reports that German airline Lufthansa's corporate bond deal has been boosted by a strong demand from domestic retail investors. The demand boosted the execution and spread of the deal which had been limited to €850 million. Deutsche Bank, JPMorgan and Société Générale had marketed the deal.

The article reports that German chemicals group BASF has been forced to increase the margins and fees on its Swiss franc 3.5 billion facility. Such facility supports its takeover of Swiss rival Ciba. BASF is funding the acquisition via the commercial paper market. The facility is solely underwritten by Deutsche Bank.

The article reports on the €3 billion fixed/floating issue launched by Danske Bank in the regional bond market in Europe. It cites that the floating issue lured as much as €6.6 billion of orders across both tranches. According to the author, the concept behind regional transactions is to drill down to smaller accounts including savings banks in Germany but also elsewhere in Europe. It states that Danske opted for a four lead approach in order to include the key regions in Europe where it wanted to sell the bonds.

The article presents an update on executives within the commercial paper market in Europe as of April 2007. Amaury Gosse of Commerzbank went to Las Vegas, Nevada for a fact finding mission. Gosse' colleague Sahir bin Jung played poker, went to a high technology poker room equipped with electronic tools such as automatic chip counts in Germany. Stefan Boehm decided to visit Ireland to seek momentary refuge from the commercial paper market.

The article reports on the issuance of a bond by Dusseldorfer Hypothekenbank in Germany in July 2006. It states some factors that prompted the company to issue the bond. The price of the bond is cited. Moreover, this article reveals the position of the government and financial institution markets on the issuance of the bond.

Reports on the resignation of Klaus-Rainer Wagenknecht as head of German securitization at Dresdner Kleinwort Wasserstein in Frankfurt, Germany in 2005. Takeover of the position by Stefan Ziese, head of the firm's asset backed commercial paper conduit Silver Tower; Career background.

Reports on the bonds raised by Deutsche Post, the German postal and logistics group, after the book was opened on October 20, 2003. Bookrunners of the deal; Purpose of the proceeds; Companies that bought most of the paper; Reason that Moody's has put the company on negative outlook.

The article discusses the highlights of the DZ Bank roundtable discussion held in Frankfurt, Germany, in December 2008. Participants include Bernd Bode of Volkswagen Bank, Arnold Fohler of DZ Bank and Kai Wilhelm Franzmeyer of Hypo Real Estate. Some of the topics discussed were government-guaranteed bank bonds and support of the financial services sector to the bonds.

The article offers information on several Euro bond deals issued by various public sector borrowers as of June 2007. The joint bookrunners of the bond issued by the Kingdom of Belgium are Barclays Capital and Deutsche Bank. The amount of the bond deal of the City State of Berlin in Germany is €1.25 billion. The maturity of the bond transaction of the Republic of Italy is on September 15, 2023.

Focuses on the efforts of German mortgage banks to promote the jumbo Pfandbrief covered bond market in Europe. Economic reforms implemented in the primary markets; Significance of the development of mechanisms designed to cater a broader range of investors; Factor that led to the foreign currency issuance of Pfandbrief bond.

This article reports on the issuance of an international bond by German bank KfW in 2010. The bank made the move in response to the sustained rally in U.S. Treasury yields. Bank of America Merrill Lynch, Deutsche Bank and J.P. Morgan served as lead managers of the deal. The German bank is the only issuer to have priced more than one deal.

The article reports that the covered bond market has suffered one of its most volatile days. Dealers have decided by majority vote to quote wider bid/offer spreads for non-core covered bonds than for core markets, defined as Germany, France, Austria, Luxembourg and Depfa. ACI Germany was chosen as the forum for market-makers to discuss such situations after the Allgemeine HypothekenBank Rheinboden episode in October 2005, the last market-making crisis in covered bonds.

The article presents information on the bonds issued by Kreditanstalt für Wiederaufbau (KfW). Deutsche Bank is the lead manager for its Huf3 billion bond issued on March 4, 2006. The Federal Republic of Germany is the guarantor for a Huf6 billion bond issued by KfW.

Focuses on the developments in the residential mortgage backed securities (RMBS) market in Great Britain as of January 2005. State of the securitization market in Europe in 2004; Performance of the RMBS market in Italy; Decision of several German banks to offload bad loans.

An interview with Günther Bräunig of German development bank KfW is presented. He offers his assessment of conditions in capital markets. He describes the importance of the U.S. dollar market in the realization of the borrowing target of KfW. He describes how KfW is filling the gap created in the funding by the demise of the securitisation markets.

Focuses on the effect of the possible sale or liquidation of Allgemeine HypothekenBank Rheinboden (AHBR) on the position of Pfandbrief in Germany's capital markets. Highlights of the 10th anniversary celebration of the jumbo Pfandbrief market sponsored by Eurohypo in Frankfurt on May 12, 2005; Factor that led to the crisis of AHBR; Provisions of the Pfanbrief Act.

Focuses on the development of the German Jumbo Pfandbrief covered bond market. Background on the Jumbo Pfandbrief; Efforts of German banks in promoting transparency in the capital market; Factors that led to the success of the Jumbo Pfandbrief in Europe; Implications of the Pfandbrief Act for the bond market.

The article discusses benefits derived by Société Générale from demand for Red and Black TME Germany, its equipment loan asset-backed security (ABS). The company's pricing of the deal with co-lead manager Credit Suisse is mentioned. Equipment loan ABS are said to be more established in the U.S. market. The deal is also cited as the first full equipment loan ABS in Europe since the 2007-2008 financial crisis.

The article reports on the Australian dollar bond deal launched by German bank KfW. The July 2018 bond was reportedly priced by Citi, Deutsche Bank, and TD Securities. KfW capital markets manager Ramona Raschke remarked that strong investor demand encouraged the institution to opt for an Australian dollar deal. Other banks that are expected to introduce similar deals include European Investment Bank and Nordic Investment Bank.

The article reports on a five year medium term note sold by Bank Nederlandse Gemeenten to a German bank treasury on April 12, 2012. The 10 million € five year floater was sold through DZ Bank. The deal was priced at par and pays a coupon of quarterly Euribor plus 35 basis points and the bank is hoping to increase the deal.

The article reports on the plan of Hochtief, the largest construction company in Germany, to issue a debut euro bond. The debut bond will be arranged by BNP Paribas, Commerzbank ING and UniCredit. On the other hand, euro bond issues were also rolled out by German steel and machinery maker ThyssenKrupp and paper company Stora Enso.

The article reports on the plan of German cement maker HeidelbergCement to issue 150 million euros of October 2016 paper in the German Schuldschein market. The HeidelbergCement bond is split into two tranches, fixed and floating rate notes, in the hope to use it to diversify the company's sources. High yield specialists predict that HeidelbergCement would raise more funds via different channels. Other issuers also expect to raise funds in the private market.

The article offers information on the two-tier euro market as of August 12, 2011. It describes the two-tier euro system as a currency for the stout nations of Europe's north and as a second division for the periphery. It notes that investors only want German credits when it comes to size, with Germany's KfW and Berlin banks taking 3.25 billion euros of long-dated paper this week. It stresses creditors' opinion that Europe is already tiered into Germany and the rest.

The article reports that the super senior revolver loan of German pigments manufacturer Evonik Carbon Black, worth 250 million U.S. dollars, has been oversubscribed. Carbon Black's high yield bond will be used alongside the revolving credit facility to support the company's takeover by Rhone Capital and Triton. It notes that demand for super senior loans has been low, which shows that Carbon is quite strong given the fact that it got oversubscribed.

The article reports on the launch of a five year plus one plus one loan by Germany-based power and paper equipment manufacturer Voith in May 2011. BNP Paribas, Commerzbank, LBBW and Santander are the managers of the 700-million-euro revolving credit facility. The first five year plus one plus one deal was launched by Suez in 2004. It mentions the preference of borrowers for longer tenors of facilities with optional one year extensions.

The article reports on the decision of Commerzbank to price a 1.25 billion euro deal with a shocking 250 basis points premium to its senior paper, which shows the hostility of investors to tier two bank debt in March 2011. It says that the transaction served as evidence of how costly tier two capital is set to become in the world of harsher capital regulation and resolution regimes. According to the author, the bond was the first transaction to be priced in Germany since it introduced a bank resolution regime at the start of 2011.

The article reports on bond issues by public sector borrowers in July 2010, with emphasis on the bond issue by German state bank Land Baden-Württemberg of Germany. The bank, which offered a coupon rate of 2.125%, said that the July 2010 issue helped raise 1.8 billion euros together with the bond issue in May 2010. The bond issues by KfW and Land Hessen are also discussed.

The article presents information on the bond issue of Barclays Bank. The bond, which has a rating of Aa3/AA−/AA−, is valued at 1.5 billion euros. It is due to mature on March 18, 2015 and is lead managed by Barclays Bank. According to its bookrunner, the books of the deal went under 3 billion euros and they received 250 orders. They received solid support for the 1.5 billion euro value of the deal. It was distributed to Germany, France, Italy , Great Britain, Spain and Benelux.