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Inaugural government deal could come in late 2026 or early 2027
First Canadian province to visit euros in 2026
◆ 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
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Middle East conflict postpones deals but euro market flexes its strength with more deals set for next week -
◆ Reverse interest helped by secondary demand ◆ Concession paid ◆ 15 year leg more challenging
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◆ Only second Canadian province in euros this year ◆ Premium paid debated ◆ Rarity value supports transaction
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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
