SSAs enjoy tight pricing in euro long end

tight pricing

KFW and Bank Nederlandse Gemeenten (BNG) were able to come flat or just through the curve with their long-end trades in the euro public sector market this week.

By Burhan Khadbai
11 Apr 2019

On Monday, KfW extended its euro syndicated curve as it sold a no-grow €1bn July 2039 through BNP Paribas, Deutsche Bank and UniCredit.

Books opened with guidance of mid-swaps minus 9bp area. With a book exceeding €2.8bn, the leads revised guidance to minus 10bp area. ...

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