Germany
-
German lender plans rare 20 year deal -
Issuer hopes to raise €750m from sustainability bond, likely a 10 year, after summer following this week’s large print
-
◆ Final spread looks attractive for a sub-benchmark deal ◆ Book almost five times covered ◆ Low single digit concession offered
-
◆ State prints size on low-supply day ◆ More German deals to come ◆ Spain, BNG also set to take advantage of slow week
-
Wood fibres company has returned to profit
-
◆ Finnvera joins dollar party in primary ◆ Attractive levels and lack of supply boost demand ◆ Another German issuer brings 10 year euro paper
-
◆ PBB opts for four year deal ◆ Marginal drops as German issuer tightens spread ◆ Investors appreciate the room for performance
-
◆ German sub-sovereigns back in 10 year euros ◆ Fair pricing, good pick up over KfW ◆ First deal to price on day of terminal outage
-
◆ BayernLB ends two year public sector Pfandbrief absence ◆ Tatra issues for the first time this year ◆ Little to no premium needed for either deal
-
The German agency has been working on bringing up the liquidity of its bonds
-
◆ Deal attracts strong early momentum ◆ Slim premium paid as HVB lands size ◆ Pick-up offered over German SSAs
-
◆ Caffil aims for 12 years, LBBW goes for 10 ◆ Pair of €500m deals attract almost €5bn of combined demand ◆ Single digit concessions offered
