| IFR

German Corporate Funding Roundtable 2012

IFR’s German Corporate Funding Roundtable, held in Frankfurt in mid-October, convened an expert panel of four DCM and four syndicated loan professionals. The conversation was a fascinating and insightful exchange of views and it took place at an equally enthralling point in time.

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

German Corporate Funding Roundtable 2012: Participants

To view the digital version, please click here. Johannes Heinloth BayernLB Johannes Heinloth is global head of loan syndication at BayernLB. He joined the bank in 1999 and moved to the syndications team in 2001. From 2002, Heinloth spent two years in Tokyo running the risk functions. In April 2008 he was appointed head of syndication and took over global responsibility in 2009. Karin Arglebe Commerzbank Karin Arglebe is a director in Commerzbank’s DCM division. She joined the bank in May 2008, having started her career in the legal department...

German Corporate Funding Roundtable 2012: Part 1

To view the digital version, please click here. Keith Mullin, IFR: Thank you for attending IFR’s Corporate Funding Roundtable. The aim of this discussion is to review trends in German corporate funding across the bond, loan and other markets. Our discussion takes place against a very interesting backdrop both in the global economy and in financial markets. We’ve been confronted with low or decelerating economic growth, a continuing eurozone crisis, quantitative easing, bond yields at record lows, credit spreads tightening, bank deleveraging...

German Corporate Funding Roundtable 2012: Part 2

To view the digital version, please click here. Keith Mullin, IFR: As we’ve got bonds and loans people from the same bank here, I’m curious to pursue with Marc and Matthias, and Reinhard and Karin how you guys work together. You’ve all been very complimentary about each other, but I’m still told you still compete with each other for business. Karin Arglebe, Commerzbank: I think that the change has been when you go out to clients, you don’t pitch a product, you pitch a concept. And that means doing a refinancing of the total debt side of a...

German Corporate Funding Roundtable 2012: Part 3

To view the digital version, please click here. Keith Mullin, IFR: Christian: Are you with Marc in terms of the ability for the bond market to finance in big size? Christian Reusch, Unicredit: Absolutely. As was already said, no transaction will fail because of lack of liquidity in the market. As long as it’s properly structured, as long as there’s a proper story that people can believe in, you can get it done. There is no doubt about that. Keith Mullin, IFR: So away from event-driven financing, what can we expect in terms of refinancing or...