Top Section/Ad
Top Section/Ad
Most recent
New issue premiums in recent weeks were lower compared to the highs after the Iran-US conflict began
◆ Only 4bp paid over theoretical new KfW ◆ Länder bonds continued to be seen as expensive ◆ Will bank treasuries switch to EIB from Länder?
Mandates from Eurofima, Germany, Wallonia and the Free State of Thuringia
◆ Pricing was tricky after Hamburg’s recent five year ◆ Is 7bp the new magic number for Länder? ◆ Five year demand lacking, Thuringia to test 10 year
More articles/Ad
More articles/Ad
More articles
-
Issuance recovers from last week’s wobble but concerns linger after issuers like KfW widen -
◆ Sovereign rides post-EU momentum, beats size target ◆ Deal priced flat to fair value ◆ Thuringia oversubscribed but Länder books shrink
-
French government vote and EU syndication to shape market in coming days
-
◆ Other recent German deals finished uncovered ◆ RV against KfW was important ◆ Some argue outcome 'not great'
-
◆ Third SSA in a week gets low demand ◆ Starting level 'seemed good approach' but fails to draw appetite ◆ Coupon level gives hope in secondary trading
-
First batch of post-summer new issues flooded with demand, but will it last?
