Europe
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◆ Issuer steps on the accelerator to price fast ◆ ‘Lengthy’ discussion and ‘a lot of thought’ given to timing, pricing strategy ◆ Higher NIP and limited tightening encourage investors -
◆ Länder's 10 year 10bp back from KfW ◆ Deal over three times covered ◆ Trade 'could encourage' further German state issuance
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Banks could get stuck with large exposures they cannot offload
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Rates investors show they’re still keen, sparking hopes credit buyers are too
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IG lending fees tipped to stay tight despite some leveraged loans being postponed
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Bloc to test investor sentiment in primary as financial markets struggle to digest US tariffs
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As markets gap wider, the ability to get a deal done at all is commendable
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Hopes that months of cash inflows would mitigate tariff carnage have been dashed
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Swiss market resilient, but Trump test is set to be a roadblock
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Agency's absorption by state part of a wider pattern of centralised Danish public sector funding
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Agency has funded around 50% of its €65bn-€70bn programme
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Issuer takes big size ahead of blackout, offering ‘right’ products to investors
