Austria
-
‘A strong focus on a fast execution process’ aimed to minimise uncertainty and volatility, says sovereign’s funding head -
◆ Combined book one of the sovereign’s largest ◆ Swap spread volatility observed overnight ◆ Issuer ‘did well not to stretch’ the pricing
-
Estonian lender set to join Austrian and German-led sub-benchmark flurry
-
◆ Deal is third Austrian sub-benchmark in three weeks ◆ Seven years a sweet spot for investors ◆ Austrian supply down from last year with a rush of supply not expected
-
◆ Small deal attracts big book ◆ Bond prices through fair value ◆ Austrian issuer compresses spread to more liquid peers
-
Bankers expect lack of competing supply from larger names will drive strong outcomes
-
Sovereign's first Swiss franc deal since 2009 provides strong cost savings
-
Sovereign's dual-tranche euro trade pulls in record demand
-
◆ Minimal new issue premium paid ◆ Demand still strong towards end of busy January ◆ Another chance for investors to buy green EGBs
-
Lunar New Year celebrations and Federal Reserve and ECB meetings will reduce issuance this week
-
◆ Austrian issuer ‘monetised’ recent bonds’ performance ◆ Spread to KfW smaller than usual ◆ Book was of top quality
-
◆ Pair attract €9bn of combined final demand ◆ Little to no premiums needed ◆ Deals already tighter in secondary
