Debt Capital Markets (DCM)

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Debt Capital Markets

Innovative products and competence as market leader

In the fixed income primary market, one of the leading German banks

DZ BANK is a leading German dealerbank in the DCM business. The global presence with public sector issuers (SSA) as well as financial institutions is supplemented by a deep expertise with corporate issuers of the DACH region. The DCM department consolidates DCM origination, syndication, private placement and ESG advisory units to ensure its clients receive a complete set of services.

The bank’s DCM franchise is guided by the investment criteria of the all-important client base amongst cooperative and institutional investors in Germany, Europe and Asia. Accordingly, issuers of investment grade quality, Covered Bonds and SSA-transactions are at the centre of the bank’s DCM business. The product spectrum is complete and includes Bearer Bonds (private & public), promissory notes (Corporate Schuldschein as well as NSVs) and the associated cross currency and interest rate derivatives.

References:

Bank issuers (Financials)

Public Sector (SSA) Issuers

Corporates from manufacturing, services and real estate sectors

A modern Debt Capital Markets approach is digital, sustainable and international. Comprehensive data analytics, personal experience and institutional connectivity are the DZ BANK’s foundations for a successful market approach.

Friedrich Luithlen, Head of DCM, DZ BANK AG

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Leading in ESG Transactions

Client advisory around sustainable issuance and investment is one of the central and overarching aspects in rendering all DCM services. This includes advising issuers on the structuring of ESG programmes and deals as well as the marketing, placement and allocation of transactions with SRI investors. This is supported by the DZ BANK Seal of Sustainability appraisal and a unique portfolio assessment along the same ESG criteria which are both offered to investors in cooperation with the DZ BANK Research units. In this way, DZ BANK offers a uniquely holistic set of services around the ESG issuance process. Consequently, DZ BANK is a leading German bookrunner in the origination and distribution of sustainable transactions in the DCM markets. Sustainability is a founding motivation of the cooperative movement and thus part of the cooperative DNA.

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Digital Applications in the Primary Markets: Our platforms InGen, ESGlocate and KPI Library

DZ BANK’s Debt Capital Markets business is carried by the personal experience of the DCM Team. That said, a systematic application of all data relevant to a client’s transaction is the second pillar for the team’s recommendations and advice. DZ BANK’s clients value this dual approach especially in volatile markets, because both sporadic market sentiment as well as underlying medium and long-term trends are accounted for to ensures the success of their deals. A broad range of primary and secondary market data is used for the price determination across syndicated transactions in both bond and Schuldschein format. Besides that, the DCM Team also uses cutting-edge data analytics for the identification of primary markets investment opportunities through our InGen Plattform. Through ESGlocate and the KPI Library the bank offers her clients core services around ESG allocation and structuring advisory in digital use cases.