Land NRW and IFFIm print size in dollars amid fiery conditions

By Burhan Khadbai
14 Apr 2021

The State of North Rhine-Westphalia and the International Finance Facility for Immunisation attracted impressive demand in the dollar market on Wednesday, allowing them to print big deals in the currency.

Land NRW raised $1.75bn with an April 2026 benchmark at mid-swaps plus 5bp via BMO Capital Markets, Daiwa Capital Markets, Goldman Sachs, Morgan Stanley and RBC Capital Markets. The books closed at over $2.5bn.

It is Land NRW’s largest ever order book in ...

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