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Pension funds 'very much present' in the deal and central bank demand 'quite remarkable', says issuer
◆ Sovereign takes plunge into 30 year ◆ Book almost twice that of 2024 deal ◆ Large size, tight NIP, others encouraged
◆ Sovereign continues to break record after record ◆ New deal was 'a blowout by every definition' ◆ Second wave of EGBs underway, Belgium next
New mandate follows S&P outlook upgrade last Friday
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A deluge of euro paper hit the SSA bond market this week as issuers flocked to the market to take advantage of the surge in confidence after the European Central Bank expanded its Pandemic Emergency Purchase Programme (PEPP) last week. But the strain is showing in the secondary market. -
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