Land NRW SRI deal shows price sensitivity as Renten readies 10s

Germany_Fotolia_230x150
By Burhan Khadbai
19 Nov 2019

Investors showed some price sensitivity when confronted with the State of North Rhine Westphalia’s (Land NRW) dual tranche sustainable offering on Wednesday. Nevertheless, compatriot issuer Rentenbank will add to euro SSA supply this week after mandating banks for a new 10 year benchmark.

Leads Bank of America, Crédit Agricole, Daiwa, Goldman Sachs, Helaba and JP Morgan opened the books for Land NRW’s €1bn no-grow November 2029 and November 2039 euro benchmark on Wednesday morning with guidance at mid-swaps flat area and plus 10bp area, on each tranche ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.