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The article provides information on the one-billion-euro bond issued by the Federal State of North Rhine-Westphalia in Germany on October 18, 2011. The bond has a spread at re-offer price of 16 basis points (bp) over mid-swaps. Among the joint bookrunners of the deal are DZ Bank and WestLB. Asian participation in the transaction was said to be lower compared with other deals from the German state.

The article examines how state development banks deal with challenges in borrowing costs and investor bases. It reports that NRW.Bank will borrow a total of only 12 billion (bn) euros, compared with 18 bn eruos in the past years. It notes that NRW.Bank and the state of North-Rhine Westphalia in Germany coordinate their borrowing schedules efficiently to avoid over supply from the North-Rhine Westphalia credit. It relates that the lending and refinancing of Bayerische Landesbodenkreditanstalt (BayernLabo) is based on demographic and migration trends.

The article offers information on the bond offering of the State of North Rhine-Westphalia in Germany in the European finance market on March 26, 2013. It mentions that the bonds are set to mature on March 13, 2020. The offering was launched with support from several finance companies including BayernLB, Deutsche Bank and DZ Bank.

The article offers information on the 1.5-billion-euro-denominated bond launched by Erste Abwicklungsanstalt (EAA) on March 21, 2011, with the State of North Rhine-Westphalia (NRW) acting as guarantor. Joint bookrunners include Barclays Capital, JP Morgan and UniCredit, with March 2016 maturity, at issue/re-offer price of 99.736. According to the bookrunners, they received a book of 2.2 billion euros. It mentions that Germany provided an international participation of over 50% in the deal.

Reports on the problems of Germany's state borrowers concerning tax revenues. Factors contributing to the problem; Details on the income and corporate tax reform in the country; Information on North Rhine-Westphalia, an issuer in the international capital market; Increase in the international issuance of Länder; Details of the rising interest in the euro market.