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‘Pragmatic’ approach from borrowers set to benefit upcoming wall of issuance
◆ Nordic sovereign brings year's final euro deal ◆ Pricing strategy adjusted after secondary widening ◆ Land NRW attracts with pick-up over KfW
◆ 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
Summer is 'slowly but surely' ending with large issuers putting demand to test
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Well-known head of debt operations moves to another part of France’s treasury
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Rates volatility made market more complex to navigate for sovereigns
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Sovereign prints closer to curve than usual but goes for €5bn size
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Among European corporates, ESG issues are over half
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Issuers head to farthest reaches of the curve despite record inflation and looming rate rises before opportunity closes
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Cyprus concession looks higher than other SSAs this week, but bankers blame rating rather than systemic widening