The creation of a new class of pfandbrief backed by aircraft loan collateral is set to take off in 2012, and given the reliability of this type of covered bond, this could arouse particular interest from outside its domestic German market.
Western Europe
Latest articles from Germany
Remaking the eurozone
January 3, 2012Keeping Greece in and allowing massive European Central Bank intervention are the best ingredients for saving the eurozone. But the case for common eurozone bonds is less clear.
Germany returns to structured products centre stage
May 4, 2011The German structured products market is growing steadily again and providers are involved in an intense battle for market share.
Commerzbank's bold move is a blueprint for other German banks
March 23, 2011Commerzbank’s bold liability management exercise – the first to address Basel III at both ends of the capital structure – shows that banks need not wait for national and European regulators to finalise minimum capital requirements. It also serves as a possible blueprint for Germany’s other banks to strengthen their capital base.
E.ON sets new precedent for German buybacks
March 17, 2011E.ON's recent liability management exercise shows that German companies can indeed successfully tender for outstanding debt, and may encourage others to follow.
German banks feeling the strain
December 23, 2010Rescue packages and a rebounding economy have stabilised the German banking system. But it remains vulnerable to weak profitability, low-quality capital and exposure to cyclical industries abroad. Moreover, some believe that even the crisis has failed to force structural change. Writer Geraldine Lambe
Frankfurt: Regulatory centre of excellence
August 30, 2010Already home to many of the main European regulatory bodies, Frankfurt's financial centre offers the experience and stability to play a key role in helping Europe shape the future of its financial sector, says Dr Lutz Raettig.
Deutsche Bank's corporate finance business comes of age
July 28, 2010Deutsche Bank's co-head of global client coverage and chairman of the corporate finance executive committee explains how the bank's performance during the crisis has opened new doors for it both in Europe and the crucial US market. Writer Geraldine Lambe
Landesbanken under pressure to restructure
July 6, 2010The German Landesbanken were hit hard by the financial crisis, and bailouts at both state and federal level have allowed the national government and the EU to increase the pressure for both restructuring and reform. Writer Michael Marray
Nimble KfW tests euro demand
July 6, 2010In the face of heightened debt market volatility in Europe and serious concerns over the long-term future of the euro, German development agency KfW found a window of opportunity to raise €5bn in a three-year deal. Writer Charlie Corbett