Land NRW keeps euro SSA market ticking with sustainable dual tranche

Sustainable development from Adobe 230x150
By Burhan Khadbai
18 Nov 2019

The State of North Rhine Westphalia (Land NRW) was the only public sector borrower to announce a euro benchmark transaction on Monday, as it appointed banks to lead new 10 and 20 year sustainability bonds.

Bank of America, Crédit Agricole, Daiwa, Goldman Sachs, Helaba and JP Morgan are taking indications of interest for the dual tranche bond, which is expected to be priced on Tuesday.

The leads have posted initial price thoughts of mid-swaps flat area for the €1bn ...

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