| IFR

IFR German Corporate Funding Roundtable 2017

IFR’s seventh annual German Corporate Funding roundtable, which took place in Frankfurt in early November, found participants upbeat but at the same time pensive and rather preoccupied. It was an unusual emotional juxtaposition.

To purchase printed copies or a PDF of this report, please email leonie.welss@lseg.com and shahid.hamid@lseg.com

IFR German Corporate Funding Roundtable 2017: Participants

Anthony Bryson BNP Paribas Anthony Bryson is responsible for BNP Paribas’ corporate debt platform in Germany, Austria and Switzerland, which covers investment-grade bonds, loans, crossover, high-yield and corporate acquisition financing. He has more than 20 years of CIB experience. Before joining BNP Paribas in 2010, Bryson held DCM positions at major European banks in Frankfurt and London. Before moving back to Germany in 2015, he ran European corporate DCM at BNP Paribas in London. Dominik Müller Commerzbank Dominik Müller is head of loan...

IFR German Corporate Funding Roundtable 2017: Part 1

Keith Mullin, KM Capital Markets: Welcome to IFR’s seventh Annual German Corporate Funding roundtable. To get the discussion going, I wanted to start by reviewing activity across the various debt classes in 2017. The past year has had a lot of moving parts: geopolitical events, national political events, continuing but different-speed central bank stimulus, and the continuation of negative rates in some parts of the curve. The banking sector has of course had myriad new and yet-to-be-implemented regulatory issues to deal with. Dominik, how...

IFR German Corporate Funding Roundtable 2017: Part 2

Keith Mullin, KM Capital Markets: Markus you’re on the other side of the fence. You’ve had to live with low and negative yields. The narrative that gets thrown out there is that where investors were investment-grade focused they’ve felt a compulsion to buy lower-rated or unrated paper or look at alternatives amid a sense of panic to generate some kind of positive return. Can you talk about that? Has it been tough for people in the buyside? Markus Wiedemann, Deutsche Asset Management: Yes and no. I think it depends on your mandate. A lot of...

IFR German Corporate Funding Roundtable 2017: Part 3

Keith Mullin, KM Capital Markets: Dominik, you referred earlier to client solutions over product solutions. As has been mentioned, whereas before product teams within a bank would sometimes compete for a deal, there is a more collegiate environment as platforms have evolved. I was curious to understand how much interoperability there is between various market segments. Dominik Müller, Commerzbank: I think your question is basically trying to summarise many of the aspects we have discussed today. Banks these days need to be capable to deliver...