Lower Saxony to keep SSA primary open

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By Burhan Khadbai
05 Aug 2020

The State of Lower Saxony mandated banks on Wednesday to run a 10 year euro benchmark on Thursday, as German states remain the only action in the public sector primary market.

Deutsche Bank, DZ Bank, LBBW, Natixis and NordLB won the mandate following a request for proposals by Lower Saxony asking for quotes on a 10 year deal.

With a maturity of 10 years, the deal will comfortably be priced with a negative yield. The ...

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