German agencies turn to taps as IBK sells year’s first HK$ deal
In volatile markets, where European investors are increasingly wary of being sole owners of a bond, agencies have found more demand for taps. Land Schleswig-Holstein sold a €30m six year floater through Jefferies — the first MTN the bank has done for the issuer — to a single German investor on Thursday. KfW sold two €25m taps of its July 2016 and January 2017 fixed rate notes through Deutsche Bank on Monday. Both were placed with a single investor in Europe.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts