DZ Bank top stories

• EIB plans final public outing of 2020

  

  The European Investment Bank hit screens on Monday afternoon to announce what will be its final benchmark deal of the year, with the issuer set to use every inch of its €70bn borrowing authorisation for 2020.

  • 26 Oct 2020

• DZ hits covered bond sweet spot with well-timed Pfandbrief

  DZ Hyp returned to the covered bond market for the fourth time this year on Thursday to issue a €1bn eight year mortgage Pfandbrief. The deal showed that any uncertainty over the relative value of covered bonds has been firmly swept away after the European Union’s blow out debut earlier this week.

  • 22 Oct 2020

• Deal flurry shows rewards await the quick and the brave in FIG

  FIG borrowers may be well funded, but rates are low and market conditions are good enough to support opportunistic issuance — as was shown this week by a slate of deals across the capital structure. Given a volatile end to 2020 is likely, issuers will need to stay alert and take advantage of funding windows as they arise, write Frank Jackman and Bill Thornhill.

  • 15 Oct 2020

• EnBW uses new bond sale to update on sustainability plan

  Energie Baden-Württemberg (EnBW), the Germany electricity company, opened books on its €500m no-grow 10 year on Monday, almost a week after the issuer started marketing the trade, which it took as an opportunity to update investors on its sustainability ambitions.

  • 12 Oct 2020

• KfW readies seven year euro benchmark

  KfW mandated banks for a seven year euro benchmark on Monday, a deal which was already expected to arrive this week and could well be the German agency’s final public deal in the currency this year.

  • 12 Oct 2020

• Munich Airport seeks cash in Schuldschein market

  Munich Airport has launched a Schuldschein with an initial target of €200m, the first airport to enter the market since a flurry of deals in March as the coronavirus pandemic hit Europe.

  • 09 Oct 2020

• EFSF EUR3bn 0% Oct 27, EUR1bn 0.7% Jan 50 tap

  • 08 Oct 2020

• EFSF hits screens with dual tranche, big size expected

  The European Financial Stability Facility mandated banks on Monday to lead a euro dual tranche transaction in what could be the issuer’s first and final outing of the fourth quarter.

  • 05 Oct 2020

• Aareal reopens senior market with first benchmark

  Aareal Bank sold the first bank bond in euros for a week on Wednesday, offering encouragement to other issuers who have remained stuck in the pipeline.

  • 30 Sep 2020

• Covid-19: SSA response bonds

  Sovereign, supranational and agency bond issuers are mobilising their resources to support the fight against Covid-19. The below table details the bonds they have issued, specifically in response to the coronavirus pandemic.

  • 22 Sep 2020