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Sub-sovereigns

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Latest Primary Market Monitor data examines issuance trends in February and March
SSA
SSAs vie EU for attention as more issuance expected from Flemish Community
SSA
European sovereign tests inflation-linked market as EU brings a new green bond
German sub-sovereign again proves that it 'owns the long end' in euros
New sale landed with a limited new issue concession, bankers said
SSAs look increasingly expensive versus government benchmarks, raising the question of when investors will stop buying
Sub-sovereign continues to chip away at its €9.6bn annual programme
German sub-sovereign brings new deal as investors distracted by busy FIG market
Well-funded SSA issuers take their time, but weak secondary performance worries bankers
Germany SSA repricing needed but will Länder have to cheapen, or does KfW have room to tighten — and when?
The German state needs to raise 20% more than initially planned
Latest deal came 1bp through fair value, according to the issuer
‘Difficult to argue against this trade’, said one lead
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