On Wednesday an elephant paid a visit to Bull and Bear at the Boersenplatz in Frankfurt am Main. On the occasion of the ten-year anniversary of the Jumbo Pfandbrief, the impressively large elephant lady Tembo called attention to the significance of the bond market beside the trading of shares, where bull and bear symbolise rising or falling rates.
In May 1995 the first Jumbo Pfandbrief was introduced in the market by Frankfurter Hypothekenbank, a predecessor institution of Eurohypo. Since then the elephant with its strength and solidity has been considered the animal that symbolises the entire bond market. In the past ten years the Jumbo Pfandbrief has been instrumental in making the financial centre of Frankfurt the third largest bond market in the world after New York and Tokyo. Furthermore, the volume of the market with fixed-interest securities is considerably larger than that of the share market.
On the occasion of the Jumbo Pfandbrief anniversary, Eurohypo, as the largest issuer of Jumbo Pfandbriefe in Europe, also announced that it would adopt Zimba, an elephant from the Opel Zoo near Frankfurt.