Land NRW announced a deal on November 27, days ahead of a Christian Democratic Union/Christian Social Union alliance meeting with the Social Democratic Party leader to discuss a potential coalition.
The country’s general election results on September 25 dealt a blow to Germany’s major parties, and politicians have been striving to form a coalition ever since. Talks between the CDU/CSU alliance and the Free Democratic Party broke down in mid-November, raising the possibility that chancellor Angela Merkel would have to call fresh elections before a government could be formed.
German issuers have printed five deals since September 1 that were rated on BondMarker. Unsurprisingly, the strongest scores belong to KfW’s €5bn 0.5% September 2027, which was priced two weeks before the federal election.
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