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GC Asia
Bavaria raises €3bn with crisis bond amid lockdown
The Free State of Bavaria enjoyed a strong reception from investors as it returned to the capital markets on Monday for the first time since 2014 to fund a Covid-19 fiscal package by the Bavarian government.
Bavaria sold a €3bn March 2023 bond at mid-swaps plus 12bp, 2bp tighter than guidance, via BayernLB and UniCredit with a book of over €3.6bn.
“The market was really choppy today but this transaction was very well prepared which eliminated the execution risk,” said a syndicate ...Already a subscriber? Login
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Latest news from SSA
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FMO eyes cut to funding target after ‘blowout’ Tier 2
10 Jul 2020 -
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09 Jul 2020 -
Markets look for EU to take the lead on green recovery
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Further Reading
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Supranationals & Agencies
FMO eyes cut to funding target after ‘blowout’ Tier 2
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Derivatives
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SRI / Green Bonds
Markets look for EU to take the lead on green recovery
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Crisis Talk
Bertrand de Mazières, EIB: 'all of us have to do more in times of crisis'
