Press Releases from Kandler Gruppe GmbH (2 total)
"Municipal Finance Agency" for German Municipalities about to start
„Nuremberg and Wuerzburg, Municipal Bond 2013/2023“ paves the way for a new class of assets
Straubing, May 14, 2013 – With a landmark transaction the cities of Nuremberg and Wuerzburg will together issue the so called EUR 100 million "Frankenanleihe" (Franconian Bond, ISIN DE000A1TNFP6) on May 16, 2013. The bond is oversubscribed by 4.5 times.
This is the first time that German municipalities issue a bond together. By doing so, Nuremberg and…
Municipal Finance Agency 2012 reveals new refinancing possibilities
Kandler Gruppe GmbH (the "Kandler Group") announces new concept for municipal fund-raising
Straubing / Germany, July 3, 2012 – German municipalities manage funding on their own. But taking out bank loans faces increasing difficulties: Stricter requirements for banks' equity capital and the withdrawal of several banks from the municipal finance sector suggest a meltdown of favourable credit terms for municipalities.
In this situation, only the private capital markets can meet the…
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