Germany
-
Deal has two tranches, company last came to market in 2024 -
Hatzinger had been Agricole's head of loans for Dach
-
German promotional bank ventures into primary market with no-grow deal
-
◆ Syndication 'uneventful' despite volatile backdrop ◆ Investor duration bid 'not guaranteed' amid risk aversion ◆ Guidance 'could start tighter' on next green deal
-
Bankers confident ‘good, liquid names’ could still get deals done, windows wide open this week
-
◆ Small NIP enough to attract strong bid for long tranche ◆ Investors get selective amid volatility ◆ Commerz fills out its curve with two points
-
◆ Spread not tightened ◆ New issue concession paid ◆ Pick-up over KfW estimated
-
Deal priced at 1% premium to Monday's close
-
◆ €500m 4NC3 EuGB deal priced inside fair value ◆ Greenium helps tighten spreads amid strong demand ◆ Landmark trade cements bank's ESG leadership, says treasurer
-
◆ German chipmaker takes €2bn with five, eight and 11 year deal ◆ Curve's shape contributes to strong outcome ◆ Real estate firm Balder lands flat long five year
-
◆ Issuer's first benchmark after after active start of year in PPs ◆ Deal attracts big book despite large tightening ◆ Only KfW priced with lower spread to USTs this year
-
Heavy pre-financing in 2025 may be depressing activity
