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Inaugural government deal could come in late 2026 or early 2027
◆ New 20 year Bund launched into popular demand ◆ Is 20 years the new 30 years for EGBs? ◆ Fair value in debate
German sovereign goes for conventional over green as smaller peers join a crowded Tuesday
issuer identifies 'most important' syndication metric amid rising international interest
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◆ Sovereign returns with its usual January trade ◆ Book was larger than for recent Greek deals ◆ Positive momentum continues -
Reductions in ECB purchase programmes will cut Slovakia's funding by €1bn-2bn
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Two more syndications to come and market is strong, but issuer is aware that 'uncertainty is still there'
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Last January's book and deal size records tumble to encourage bankers with 'trillions' of issuance still to be digested
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◆ Size was at upper end of recent range ◆ Book was over €30bn at one point ◆ Portuguese bonds still tight versus peers
