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◆ Cautious start after spreads moved around ◆ KfW's spread tightens, but Länder unmoved ◆ ‘Real’ Länder-KfW spread yet to be established
German sovereign goes for conventional over green as smaller peers join a crowded Tuesday
Primary market shows strength but pockets of weakness a reminder that ‘1bp could make all the difference’
'A change in vibes in the market' sensed in the state's deal, but real money shows support
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◆ Only second Canadian province in euros this year ◆ Premium paid debated ◆ Rarity value supports transaction -
Critics doubted the EU Green Bond Standard would catch on, but it is gaining new issuers and a following from investors
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Issuance across euros and dollars is set to rise
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Recent primary deals were well received, but some fatigue is creeping in as new deals line up
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Treasury director Rodrigo Robledo says investor relations work has paid off
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◆ Spread not tightened ◆ New issue concession paid ◆ Pick-up over KfW estimated
