Bond issuance platform eppf signs deal with DZ Bank

Dan Barnes

European bond issuance platform, european primary placement facility (eppf), has signed a new cooperation agreement with DZ Bank. eppf’s bond issuance platform will now be available to over 250 frequent issuer clients of DZ Bank via the bank’s inhouse InGen product and eppf’s capital-markets-as-a-service (CMaaS) platform.

The collaboration will allow DZ BANK’S frequent issuer clients, via eppf group, to potentially automate up to 500,000 financing options, which in turn could enable bonds to be in an automated, machine-readable and cost-efficient manner in near real-time, according to eppf. First issues by DZ Bank’s frequent issuer clients, using the new collaboration model, are expected to happen within the next few weeks. Additional collaborations between eppf group and other European banks are currently being discussed.

In June 2019, BNG Bank, the publicly-owned Dutch bank, reportedly issued the first ever German law registered bond (Namensschuldverschreibung or NSV, commonly called n-bond in English) that was settled via Clearstream Banking AG on TARGET2-Securities (ISIN: DE000A2R1W85). The trade was arranged by DZ BANK. The €10 million cleared n-bond was issued as a private placement with a maturity of three years and a coupon of 0.05 %. Bank of New York Mellon acted as paying agent and registrar.

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