The State of Schleswig-Holstein returned to the market with a 10 year note on Tuesday. Meanwhile, KfW has announced a new five year euro deal, following on from January’s record KfW book for the maturity.
The German state printed a €500m 0.125% June 2029 note. Joint leads BayernLB, Commerzbank, Deka Bank, HSBC and UniCredit priced the trade at 7bp through mid-swaps, but did not disclose the size of the final book.
“Pricing started at minus 7bp against mid-swaps, and I