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KfW to bring new euro 10 year as ADB joins tier one peers to test new tights to Treasuries
Sovereign ready to tackle rest of 2026 programme with all syndications now wrapped up
◆ Larger 2026 programme leads to another outing ◆ Limited needs, tap works best ◆ Pricing was 1bp over secondary
Deal's concession came to just a few basis points
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◆ Issuer maintains predictable approach with new deal ◆ The most oversubscribed EU syndication in 2026 yet ◆ Two more bonds priced off own curve, but it's still 'not a rule' -
◆ Three syndicated OLOs raise sovereign a record €22bn ◆ Smaller book than last two, but “quality is definitely there” ◆ Usual pricing approach adopted
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New issue premiums in recent weeks were lower compared to the highs after the Iran-US conflict began
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Belgium and two European agencies also mandated, even as the US and Iran failed to reach a peace deal
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‘Whole curve open’ for SSA issuers but seven year point stands out as ‘interesting’ spot amid euro curve shape shift
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Estonian sovereign outing its first under local law
