The money network:

The money network:

Why crowdfunding threatens traditional bank lending

China’s $1.7 trillion hangover

China’s $1.7 trillion hangover

Up to 40% of China’s $1.7 trillion LGFV loans are at high risk of default. What’s a panicking Beijing to do?

  • Join us
Skip Navigation LinksHome :: Back Issues :: Pfandbrief roundtable: New issuers search for a niche in the market

April 2000

Pfandbrief roundtable: New issuers search for a niche in the market


Pfandbrief-style debt is emerging from countries all over Europe, bringing new forms of collateral and legal structures to a market traditionally dominated by German issuers. The new issuers have attracted some new buyers, but are still finding it difficult to tap into investor bases in the US and Asia, partly because of euro weakness. Euromoney.com went behind the scenes at the International Bond Congress to ask some of the biggest German and non-German covered bond issuers what they want from arranging banks and how they are building investor confidence in their products. This roundtable first appeared on the internet at www.euromoney.com/pfandbriefe.


       
Facing, from left to right: Rudiger Luchmann, Rheinhyp;Carlos
Contreras, Caja Madrid; Pierre Laprade, CFF; Christof Schornig,
PBI; Jurgen Vogel, Commerzbank. Backs to camera, from left to
right: Katie Astbury, Euromoney.com; Stephan Kaiser,
Commerzbank; Matthew Ball, Euromoney.com.

Are new foreign covered bond issuers competition for Rheinhyp, or are they an enhancement of the market?
Rüdiger Luchmann: I think both are true. They are looking for the same investors that we are looking for. I think it is a challenge for the German Pfandbrief. We are in a very strong position, but that doesn't mean that we can stand still. We have to try to be in the centre of the capital markets in the future.

Competition is there for the German Pfandbrief, but I don't think that we are in danger that we will lose our strong position in euroland.

So what are you...


You must be a trialist or subscriber to view this content

Please Subscribe or take a Free Trial below.
Already a subscriber? Log in here.





Download the Free Euromoney iPad app today

  1. FX survey 2012: Overall results

  2. Euromoney’s 2012 FX survey results

  3. Inside JPMorgan's $2 billion loss-making CIO division

  4. The money network: Why crowdfunding threatens traditional bank lending

  5. Global banks poised for Africa growth


Home |  Mobile site |  Contact Us |  Subscribe |  Capital markets |  FX/Treasury |  Investment |  Regions & Emerging markets |  Surveys and awards |  Back issues |  Euromoney store |  Useful links & Related events |  Site Map |  Cookies |  Do more with Euromoney | 

RSS Feed  |  Change font size:   

The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms and Conditions, Privacy Policy before using the site.

All material subject to strictly enforced copyright laws. © 2012 Euromoney Institutional Investor PLC.