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◆ No book update for €500m no-grow deal ◆ Surprising lack of demand for defensive trade ◆ Investors continue to cherry pick in big week for supply
◆ Spread to Land Hessen key to pricing ◆ Leads thought long and hard on whether to tighten ◆ 1bp move the right amount as book grew
◆ Three German states brought a new Joint Länder bond ◆ No book update, KfW curve guides pricing ◆ Flemish Community prints new 15 year
Second digital project won’t be the issuer’s last, Länder peers may be ‘interested and willing’ to join in
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Andreas Becker, head of treasury and pension fund for Land NRW, discusses borrowing strategy -
Others quietly wait for bloc's syndication while KfW jumps into dollars, pipeline could be 'well filled' this week
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Middle East conflict postpones deals but euro market flexes its strength with more deals set for next week
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◆ 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
