German Sovereign

Hella Hueck, the family-owned German car lights and electronics maker, made its stock market debut on Tuesday and traded up by 2.3%.

Goldman Sachs and KKR sold an 8.1% stake in Kion Group, the German forklift truck maker, on Monday evening, through an accelerated bookbuild.

Bankers marvelled last week at just how eager European investors were to buy very highly rated corporate paper - as evidenced by a rarely intense period of issuance by double-A rated firms. Another high grade deal came on November 7 to reinforce those feelings: Bayer launched a €500m bond and got a €4bn book.

German internet services provider United Internet is marketing a €300m Schuldschein, which is understood to be already oversubscribed.

German property firm Deutsche Annington Immobilien completed a €451m capital increase on Thursday, which it will use to buy new apartments.

The European Financial Stability Facility is likely to be one of the few issuers to test demand in euros next week, having sent out requests for proposals for a benchmark on Wednesday. Other issuers with euro needs are more likely to indulge in arbitrage plays next week, said SSA bankers, although a pair of borrowers printed small euro benchmarks on Wednesday.

German robotics firm Kuka is set to raise funds through a sale of new shares to finance its acquisition of a Swiss logistics firm.

The City of Ludwigshafen has hired banks to run a roadshow for what will be its debut syndication. Meanwhile, City of Berlin picked banks to lead a deal that is set to be priced on Wednesday.

Citigroup and DVB Bank were selling five year deals in floating and fixed rate format, respectively, on Tuesday, to the relief of FIG syndicates and investors who have not had any senior unsecured supply to cast their eye over since mid-October.

Hella Hueck, the family-owned German car lighting and electronics maker, has set the price range on 5.75m of its shares at between €25 and €28, or €144m at the bottom of the range.

Hella Hueck, the family-owned German car lighting and electronics maker, today (Friday) completed a preliminary sale of shares that will allow it to complete its IPO next week.

German property firm TLG Immobilien successfully placed €360m of its shares on the Frankfurt Stock Exchange on 23 October, in that week’s only IPO in Europe.