DekaBank
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◆ Domestic demand supports sale ◆ Public bail-in debut lands in line with peers ◆ Follow-on deals unlikely as blackouts and holidays suppress the pipeline -
◆ German lender to optimise funding and find investors beyond Germany ◆ Conducive market for credit issuance ◆ Non-preferred bonds outperform preferred paper
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Hesse takes €1bn after investors flock to Land NRW, Saxony-Anhalt and Land Baden-Württemberg
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German federal state attracts nearly €3bn of demand for inaugural social bond
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Two German issuers each took planned €500m from oversubscribed books on the same day as the sovereign
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Issuers set to follow anticipated EU new issue with deals ahead of Federal Reserve’s next meeting
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German issuer’s first sustainability deal was many times covered
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Strong demand saw German Land issuer almost double its target size
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The issuer priced the €500m tap before the EU sent out the RFP for its last transaction of 2022
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Eurofima tightened its ‘attractive’ spread by 3bp but others stayed flat to guidance
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SSA issuers tap the long end of the euro curve despite recent central bank messages that rocked market
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Investors show that even during summer they have cash to put to work if the deal is right
