Land NRW and NWB kick open euro long end with small NIPs

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By Burhan Khadbai
26 Aug 2020

The State of North Rhine-Westphalia and Nederlandse Waterschapsbank rebooted the long of the euro SSA curve on Wednesday with well subscribed deals and minimal new issue premiums.

Leads Bank of America, BNP Paribas, DekaBank, Goldman Sachs, HSBC and NordLB opened the books on Land NRW’s September 2050 euro benchmark on Wednesday morning with guidance of mid-swaps plus 32bp area.

As the books reached over €1.8bn, the spread was set at ...

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