Land NRW tightens price on euro 10 year

Euro Puzzle Fotolia 230x150
By Craig McGlashan
08 Nov 2018

The State of North Rhine-Westphalia rounded out the week’s euro issuance with an oversubscribed 10 year euro deal that was priced 1bp inside guidance.

Leads Bank of America Merrill Lynch, BNP Paribas, JP Morgan, TD Securities and UniCredit opened books on the November 2028 Reg S only bond on Thursday morning with guidance of 6bp area through mid-swaps.

After just under two hours and with orders ...

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