Curbs on German growth-stock trading rejected

Article Abstract:

Deutsche Boerse AG Chairman Reto Francioni said in an interview that his company will not launch a mandatory price or volume limit for stock orders in its Neuer Markt. Critics of the Neuer Markt contend that limiting buy orders in price and volume would prevent the risk of high volatility brought by strong demand in a small market. Currently, there are 31 companies listed on the growth-stock market, with 11 companies going public on the Neuer Markt over three months. Deutsche Boerse, an operator of the Frankfurt, Germany, stock exchange, hopes to have additional 20 listings by the end of 1998.

Comment:

Chairman Reto Francioni says his co will not launch a mandatory price or volume limit for stock orders in its Neuer Markt

Securities and Commodity Exchanges, Misc Stock Exchanges, Stock exchanges, Deutsche Borse AG, Article

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Germany's TUI issues 350 million euros in bonds

Article Abstract:

TUI AG issued convertible bonds valued at 350 million euros in an effort to refinance its corporate debt. The bond issue extends for a five-year period.

Tour operators, Convertible bonds, TUI AG

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Degussa prices 1.25 billion euros bond

Article Abstract:

Degussa has issued a 10-year bond at a value of 1.25 billion euros. The bond was issued at 0.75 percentage point over midswaps.

Chemical industry, Bonds, Bonds (Securities), Degussa AG (Frankfurt, Germany)

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