LBBW
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French agency capitalises on rare capital market visit
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Strong duration bid saw larger-than-usual tightening and skinny concession for long-dated tap
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Finland will also be in the market as a trio of other SSAs ready fresh bonds in core currencies
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Sub-sovereign continues to chip away at its €9.6bn annual programme
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German sub-sovereign brings new deal as investors distracted by busy FIG market
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◆ Deal works for all as issuer gains better standing with rating agencies ◆ Stream of FRNs helps with fair value assessment ◆ Green element lowers issuer’s borrowing costs
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French, German and Canadian issuers printed their first euro bonds of the year
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HSBC forecasts diverse offerings and growing demand for SSDs in 2024
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LBBW and Commerzbank reserve their slots early for first trading day of 2024 with December mandate announcements
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The bank's plan to issue a seven year covered bond sets the stage for likely head to head execution with LBBW
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The seven year Pfandbrief will offer the longest covered bond for more than four months
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Inverted five and 10 year swap curve means long dated covered bond issuance less attractive than senior format