EMEA
-
Issuer slips a notch as debt to regulatory capital metric worsens -
Irish agricultural supplier has tied loan to sustainability targets
-
◆ German Länder used to guide pricing ◆ Book holds firm as deal lands tight ◆ Wave of 15 year supply unlikely, but 10 years a possibility
-
◆ Curve repriced significantly since January ◆ Bond prices tight after spread moves 2bp ◆ Lower Saxony borrows with nine year
-
The bank landed well inside fair value estimates, according to three observers
-
Comparables are from shareholders like Saudi Arabia and other regional MDBs
-
◆ Supra manages 3bp of spread tightening ◆ EGBs sold off across the board ◆ Concerns grow on Europe’s defence spending headache
-
Deal replaces facility due to mature next year
-
◆ Deal lands flat to recent Pfandbriefe ◆ No concession needed ◆ Tight domestic spreads drive Nordic investors towards euro prints
-
Deal set to be the longest euro covered bond since May last year
-
Company outlook moved to negative though it remains investment grade
-
Deal lands close to fair value but orderbook attrition remains high
