Nomura
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Kommuninvest and Dexia take $2.5bn from short-dated trades -
Investor orders came to 14 times the deal size
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Beijing-based MDB has crossed the half-way mark of its record funding programme
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“Pretty much fair value pricing” for triple-A rated sovereign
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Well-funded SSA issuers take their time, but weak secondary performance worries bankers
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Danish agency scored largest ever book and at a tight spread to US Treasuries
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Deal sets a pricing benchmark for SSA dollar green bonds in 2024
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Two other German SSAs bring deals on same day
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Some market participants saw just 1bp of new issue premium in the deal
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Fair value is seen around high-20bp with more than 10bp of pick-up versus KfW
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Issuer has done nearly €3bn of its €10bn programme and may return in March
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Luxembourg-based supra leads Tuesday’s deals as EDC and Land NRW also enter market
