Top Section/Ad
Top Section/Ad
Most recent
German state prices in line with euro curve despite moves in swap spread during execution
The central bank has lowered rates by 25bp amid fears of tariff-induced growth shocks
◆ Volatility causes spread losses ◆ Issuer ‘flirted’ with intraday execution ◆ Level ropes in $2.35bn book
First EGB syndication and first dollar SSA bond after tariff mayhem put investor demand to test
More articles/Ad
More articles/Ad
More articles
-
◆ ‘Blow-out book’ for regional issuer ◆ Attractive spreads versus swaps, OATs ◆ Minimal new issue premium paid -
◆ Issuer one of a handful to issue euro floating rate notes ◆ Spreads wider than earlier in the year ◆ ‘There isn’t really a fair value’
-
Slow start to the week but larger borrowers, including EIB, expected to join in
-
Increased volumes and a widening trend are forcing public sector issuers out of euros
-
German state has wrapped up fixed rate programme, with just one FRN left for the year
-
◆ Issuer scales back size target ◆ Hesse was ‘doing the sensible thing’ ◆ Both short and long-end euros tricky to navigate
