Germany
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Market still 'hot and busy' as borrowers line up -
◆ Market's 'green light' buoys long end deal ◆ Sizeable books sticks together during pricing ◆ Attractive pick up offered to sub-sovereigns
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Further covered deals expected but demand could skew towards riskier paper
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New 10 year deal was oversubscribed as geopolitical risks intensify
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◆ Deal attracts strong real money demand ◆ Minimal drops as accounts stick with price move ◆ Low single digit premium needed
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◆ NordLB achieves price with capped size ◆ Commerzbank squeezes €750m from slim book ◆ Low single digit premiums paid
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Issuer says 1bp of greenium was achieved with pricing
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German lender plans rare 20 year deal
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Issuer hopes to raise €750m from sustainability bond, likely a 10 year, after summer following this week’s large print
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◆ Final spread looks attractive for a sub-benchmark deal ◆ Book almost five times covered ◆ Low single digit concession offered
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◆ State prints size on low-supply day ◆ More German deals to come ◆ Spain, BNG also set to take advantage of slow week
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Wood fibres company has returned to profit
