German Capital Markets: Life after the Deutschmark

A SUPPLEMENT TO EUROMONEY – MARCH 1996

Falling short of the mark
Despite bouyant financial markets, all is not well with the German economy. Laura Covill asks when will the government get round to some needy reforms

The bund stops here
The loss of the Deutschmark and an outdated issuance procedure could prove a headache for the German government’s borrowing programme. The debt office needs to rethink its strategy to remain Europe’s benchmark sovereign issuer

Making a splash with euros
Borrowers like L-Bank and Siemens are already testing investors appetite for euro-linked paper.