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Property values lowest in a year

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Frank de Boer named Netherlands coach

first_imgBut three subsequent jobs outside the Netherlands proved disappointing. He was fired by Inter Milan after 85 days in charge in 2016 and the next year lasted 10 weeks at Crystal Palace.His last position was at Atlanta United in Major League Soccer where he led the club to cup success before leaving in July after 18 months in charge.De Boer will be thrust quickly into his new job with a friendly against Mexico and two Nations League games early next month. The Netherlands host the Mexicans in Amsterdam on Oct. 7 before travelling to Bosnia on Oct. 11 and Italy on Oct. 14.De Boer will lead the Netherlands into next year’s rescheduled European Championship, their first major tournament since the 2014 World Cup.Beaten World Cup finalists in 1974, 1978 and 2010, the Dutch recently endured one of their darkest periods as they failed to qualify for Euro 2016 and the 2018 World Cup before Koeman revived their fortunes. Topics : Frank de Boer, who won 112 caps and played at two World Cups for the Netherlands, has been appointed his country’s national team coach, the Dutch football association (KNVB) said on Wednesday.The 50-year-old replaced Ronald Koeman, who left last month to take over as Barcelona coach, and has signed a two-year contract up to the 2022 World Cup.Former defender De Boer, who also played for Barcelona and Ajax Amsterdam, won a record four successive Dutch league titles as coach of Ajax between 2011 and 2014.last_img read more

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Germany’s BVK sets up vehicle to finance municipal debt

first_imgIn a statement, the BVK said financing via an institutional investor offered municipalities the chance to transfer debt from vehicles with short maturity to those with a longer maturity, thus diversifying the traditionally short-term debt via banks.For Versorgungswerke, these instruments also offer the possibility of diversifying fixed income portfolios, it said.The transaction was led by SEB AG, which not only operates as an asset manager in Germany but is also one of the main sources of municipal debt financing.In the summer of 2014, it was confirmed that the city of Offenbach in the province of Hessen had received €140m through a debt vehicle issued by an unnamed Southern German Versorgungswerk, and that the deal had been brokered by the consultancy Kandler Gruppe.Offenbach’s mayor had noted that it had not been possible for the city to receive financing with a 10-year maturity via any bank. Germany’s €58.7bn Bayerische Versorgungskammer (BVK) has set up a debt vehicle for an unnamed “large city” in the province of North Rhine-Westphalia.The new eight-figure debt instrument, a “Schuldscheindarlehen”, has a maturity of 10 years, the BVK told IPE.The Versorgungswerk declined to comment on the size of the deal or the share of these instruments in the portfolio.The BVK confirmed it had done “several” similar deals in recent years across Germany, “mainly with large municipalities”, given the size of its own portfolio.last_img read more

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