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DMO chief says 'broad-based demand' and 'strong international appetite' supported Gilt sale in tricky conditions
Sovereign will issue more European Green Bonds in future, and peers such as the Netherlands may follow
Lithuania will raise more in international markets this year than ever before
◆ A 'busy and interesting' session as duration arrives ◆ New issue premium varied by tranche ◆ Longer note likely attracted different investors
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‘Rammed’ week ahead with EGBs, EU, EIB, KfW and many smaller names expected to keep investors busy
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◆ Large book, small concession ◆ Merz stumbled on the path to power ◆ 'Remarkable stability' in Bunds
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◆ ‘Decent book’ 5.3 times covers deal ◆ Third govvie to bring a deal in two days ◆ Valuation still tight versus most peers
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◆ €5bn of green tap executed quickly ◆ Syndications over for 2025 ◆ Strong green demand confirmed
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◆ Textbook tightening ◆ Stable conditions open up market ◆ 60% of funding expected to come by June
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Encouraging results for trio give confidence to NIB, Council of Europe and IADB to follow on Wednesday