Quality names pile into ESM books in 'business-as-usual' euro mart

March 11, 2024 03:59 pm

"European Flag"

First deal of the year from the €6bn funder

Unlock this article.

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

To unlock this article:

Request a Free Trial or Login

Topics

ESM-EFSF Barclays DZ Bank Société Générale SSA

Georgie Lee

Related articles

Sub-sovereigns

Rarity value brings ‘unparalleled’ response to Alberta’s 10 year

◆ Nearly $12bn of orders for long-dated dollar deal ◆ Official money places chunky bids ◆ Bond performs, pulls peers’ spreads tighter

Addison Gong, October 23, 2025
SSA

NWB takes focus back to front-end euros

◆ Starting level based on price sensitive investors ◆ Some French accounts less active ◆ Issuer has shorter duration needs than peers

Sarah Ainsworth, October 23, 2025
SSA

IDA goes for 'unusual' 25 year and prints upper end of target size

◆ Pricing comes significantly through EU ◆ 'Surprising' French interest in book ◆ Fast money deterred by odd tenor

Sarah Ainsworth, October 22, 2025
Sub-sovereigns

Lower Saxony pays ‘quite good’ spread over KfW for big size

◆ German state takes €1.5bn ◆ Seven year demand question answered ◆ Small spread paid versus theoretical new KfW line

Addison Gong, October 22, 2025
Supras and agencies

Finnvera squeezes spread to sovereign in latest euro outing

◆ Book one of the issuer’s largest ◆ ‘A good trade’ at 19bp over swaps ◆ Tight spread to Finnish govvies

Addison Gong, October 22, 2025
Supras and agencies

World Bank back in fives in fixed rate dollar

◆ World Bank restarts supra dollar supply ◆ Issuer pushes pricing through recent supras ◆ 'Robust' market unfazed by tight spreads

Addison Gong, October 21, 2025