German Capital Markets: Life after the Deutschmark

A SUPPLEMENT TO EUROMONEY - MARCH 1996

Contents

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The loss of the Deutschmark and an outdated issuance procedure could prove a headache for the German government's borrowing programme.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. But some serious questions remain for investors and issuers alike

How much higher
Proponents of Germany's equity culture will be cheered by the recent performance of the Dax-30 share index. Deutsche Telekom's flotation was about the best advert the equity market could hope for

The fight for Finantzplatz
At the eleventh hour German bankers have begun lobbying to save Germany's financial market. But the legislation they want may come too late. And some of them are already moving activities out of Frankfurt