German states take centre stage in SSA primary

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By Burhan Khadbai
06 Aug 2020

A pair of German sub-sovereigns had the primary public sector bond market to themselves this week, with each taking €500m at tight levels to their secondary curves.

The State of Brandenburg was first off the mark with a 20 year bond on Tuesday.

Leads Barclays, DekaBank, DZ BankNatixis and TD Securities priced a €500m August 2040 bond for Brandenburg at a spread of mid-swaps plus 11bp to give a yield of 0.084%. The books were last ...

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