EIB tests long-dated appetite
A busy, busy week in SSA territory as the continuing improvement in sentiment encourages issuers into the market. The European Investment Bank is currently testing long-dated appetite with a 15 year EARN to be priced in the mid-swaps plus 75bp area and the Czech Republic has issued a Eu1.5bn 5.5 year at mid-swaps plus 200bp — two deals that underline investors are willing to take more risks. Meanwhile the Kingdom of Sweden is bringing its first euro denominated transaction since 1999 had investors coming out in droves for its Eu4bn five year, while lead managers of Hellenic Republic’s three year tap were swamped with Eu14bn of orders for a Eu7.5bn deal. Read EuroWeek on Friday for full coverage on all SSA transactions
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