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

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 ...

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