All material subject to strictly enforced copyright laws. © 2022 Euromoney Institutional Investor PLC group

Germany’s inaugural federal-regional deal BLA-sts off to fanfare

Germany’s first federal-regional bond, a Bund-Länder-Anleihe (BLA), was priced this week inside the Joint Länder curve, testifying to the value of the 13.5% involvement of the Federal Republic which saved the participating states some 3bp or 4bp versus where they might have borrowed money on their own.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Take a Free Trial or Login
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree