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We are pleased to announce that Kandler Gruppe GmbH and finpair GmbH have entered into a groundbreaking cooperation in the area of municipal financing. Together, we are launching the municipal financing marketplace with the largest investor reach and comprehensive municipal coverage in Germany and Austria.
The partnership between finpair and KANDLER, the full arranger for municipal financing, gives you direct access to the current financial requirements of German municipalities. Hundreds of municipal financing projects with a total annual volume of more than 5 billion euros await you on our joint municipal financing marketplace. In the future, you will benefit from an integrated digital solution that includes both company-related and municipal financing options.
Municipalities such as cities, districts and municipalities are public bodies that are responsible for providing public services and infrastructure to the population. In addition to tax revenue, borrowing is the main source of financing to meet the short and long-term needs of public authorities in the form of cash loans and municipal loans.
Local financing is characterized by the state economic efficiency requirement, which means that the financing requirements of municipalities are awarded on the basis of a tendering process. This approach is intended to promote competition among investors in order to reveal the best possible offer on the market. Municipalities describe their financing requirements in a call for tenders, for which investors can submit offers by a fixed deadline. After the deadline, the municipality evaluates the offers received and selects the offer that best meets its requirements, usually winning the offer with the lowest interest rate.
Because of its location and size, each municipality may appear individual. However, all municipalities in the Federal Republic of Germany share the characteristic of being subordinate regional authorities of a debtor rated as first-class by independent rating agencies. On the capital market, this fact is reflected in that the bonds issued to date by various municipalities in Germany are listed at a relatively homogeneous risk premium. German municipalities are therefore uniformly perceived as reliable debtors. The municipal asset class thus combines a relatively high level of security with a comparatively attractive interest rate compared to original government investments.
To be part of this exciting development and to continue to have access to the daily financial requirements of German municipalities in the future, register on the German municipal financing marketplace:
On the finpair dashboard, you can now find the latest offers from public institutions below our corporate offers. You can either select an offer directly or click on More offers to see an overview of the currently available municipal tenders.
Discover and monitor the latest municipal financing projects on finpair.
On the right screen, you will find a filter function to quickly and efficiently filter out offers tailored to your needs. With the filter selection, you can select a desired federal state or specific postal code areas. You can also filter the desired category in terms of number of inhabitants, volume and duration. By activating the email notification, you will now receive appropriate information about new suitable offers that meet your criteria.
When you select an offer from the desired municipality, you will receive further information about the respective tendering conditions. Please also note the respective deadline for submitting an offer. Let us know if you are interested in a financing project and get started with a detailed review.
Review the financing project using the municipality's budget data and other documents in the data room. Kandler's investor support for municipal financing projects will be happy to answer any questions you may have.
Submit an offer for the selected financing project by entering volume, interest rate, term and fixed interest rate.
After the submission deadline, KANDLER will inform you as soon as possible about the result of the offer selection.
If the contract is accepted, the credit agreement will be signed directly between you and the municipality outside finpair. Of course, we are always available to advise and support you.
You can also find out more details in our press release, which is available here:
https://www.finpair.de/pressemitteilung-kandler
We look forward to welcoming you to our municipal financing marketplace soon and are always available to answer any questions you may have.
Your finpair team Your KANDLER team
