Germany's $5bn blowout breaks SSA bond records
The Federal Republic of Germany's first foreign currency bond issue for more than 50 years proved worth the wait this week, as the state launched a record-breaking $5bn five year deal.
The bond is the largest in one tranche from a sovereign, supranational or agency (SSA) borrower apart from the US mortgage agencies, but bookrunners Deutsche Bank, Goldman Sachs and Morgan Stanley priced it as tightly as any other deal in recent history.
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