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◆ Germany taps 2056s for second time this year, taking €4bn ◆ Spread was fixed from the start, rare for the issuer ◆ ‘Very, very flat’ 2054-2056 roll was key to the decision
◆ Third suprnational dollar benchmark of the week ◆ Deal was priced after swap spread leaps by more than 1bp ◆ 'Pretty strong' execution regardless
◆ Nordic sovereign brings year's final euro deal ◆ Pricing strategy adjusted after secondary widening ◆ Land NRW attracts with pick-up over KfW
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Fresh Nato commitments will test bond market capacity as major issuers reveal funding updates -
Supporters believe ‘compelling’ structure can incentivise countries to meet sustainability goals
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Two-part trade opens new investor base for the LatAm sovereign
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◆ Issuer maxes out on size ◆ Short dated dollars made sense ◆ $6bn done so far, more to come
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Investor relations efforts and euro demand help issuer price at ‘ambitious but not unrealistic’ level
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◆ Largest deal and book sizes ◆ Strong demand for German SSAs ◆ Fairly priced after 2bp tightening
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