Rentenbank
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Now 75% funded for this year, the agency is planning another benchmark for after the summer -
◆ 'Really good' spread to KfW ◆ More German issuance to come ◆ Two-step tightening but no attrition
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Risk of complacency flagged as issuers continue to fund into summer
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◆ Biggest book for Rentenbank in any currency, according to lead ◆ Agency raises $1.5bn ◆ Sets stage for more dollar issuance
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German agency has three more benchmarks scheduled, with at least one in dollars
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◆ KfW grows green line to record size ◆ Rentenbank went 'extraordinarily well' despite competition ◆ L-Bank brings fixed/floating combo in dollars
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◆ German agency joins SSA sterling party ◆ Rare £1bn-plus book ◆ More sterling supply to come
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Agency is now 65% funded with another deal planned for a couple of months’ time
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Investors are cautious but the deal is “a good test" of the current environment
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Rentenbank and EIB among those taking advantage of the French elections relief
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Issuer lures three times subscription despite sell-off and will issue two or three further benchmarks
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German issuer upsized the deal despite sell-off in rates
