LBBW
-
◆ Limited sized deal attracts ‘very good book’ ◆ ESM curve tight, E-supra bonds referenced ◆ €2bn left to do this year
-
◆ Issuer faces stiff competition ◆ First benchmark deal of the year ◆ Länder-KfW spread 'should be moving out again'
-
◆ Savings banks interested in novel technology ◆ ‘Vivid’ secondary market anticipated ◆ Lack of LCR and ECB eligibility a hindrance
-
◆ Regular Australian dollar presence planned ◆ Asian, Aussie and Kiwi investors dominate ◆ Premium paid over euro funding
-
◆ The A$750m deal, bankers say, shows rise in European Kangaroos ◆ Deal clears despite heightened volatility elsewhere ◆ Oversubscription concentrated in one tranche
-
German state launches oversubscribed €500m deal close to secondary curve
-
IADB taps sterling while two other issuers mandate for new issues
-
◆ German bank starts touring to showcase its new Australian dollar programme ◆ Debut Kangaroo may follow soon ◆ A benchmark deal has potential for record size in currency
-
Issuer gets three times oversubscription in a trade that bankers said would hopefully ‘give people confidence’
-
◆ Five year trade among the tightest this year ◆ Small single digit premium needed to seal the deal ◆ Investors came in after pricing despite the tight spread
-
The largest order came from an account new to the name
-
German lender has not publicly issued Australian dollar debt since 2019