Germany
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Issuance from German states has increased 70% year-on-year
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CréditAg enjoys blow-out reception, demand for Icrea gets late boost
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At least two deals are planned next week as issuers weigh up costs
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Hesse takes €1bn after investors flock to Land NRW, Saxony-Anhalt and Land Baden-Württemberg
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◆ Santander Consumer Bank seals 35bp move ◆ 10bp-20bp concessions needed for senior prints ◆ Pipeline slows as issuers enter 'monitoring mode'
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Demand for borrower's second ever outing is lower as it becomes a frequent face in market
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Rampant market tested the limits of investor appetite this week just as central bank support ebbs away
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◆ Successful growth of deposit base funds tender ◆ P&L uptick ◆ PBB has not issued public debt since January
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After Tuesday's difficulties, the Dutch bank showed the market works
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Convertible issuance slowed this quarter, despite rising rates and higher share prices
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Tuesday’s four covered bonds were challenging to sell
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Issuer's paper is trading tightly despite the new loan pushing expected demerger talks further away