Land NRW offers ‘substantial’ NIP, funding needs to rise

By Burhan Khadbai
19 Mar 2020

The State of North Rhine Westphalia (Land NRW) had to pay a large new issue premium on Thursday as it brought the first SSA deal of a volatile week.

The German region’s funding needs for 2020 are expected to increase considerably after the state announced a €25bn fiscal package on Thursday in response to the coronavirus pandemic.

Land NRW raised €1.3bn with a tap of its April 2023s to take the new total size to €3bn. The tap ...

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