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Sub-sovereigns

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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
SSA
German sovereign goes for conventional over green as smaller peers join a crowded Tuesday
SSA
Primary market shows strength but pockets of weakness a reminder that ‘1bp could make all the difference’
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  • SRI
    A flurry of activity in the market for socially responsible investments shows no sign of letting up, with two borrowers set to make their debut next week and two more waiting in the wings.
  • SRI
    The Autonomous Community of Madrid has announced that it will sell its first ever sustainability bond, joining the flock of borrowers landing in the socially responsible investment (SRI) market as the first quarter of 2017 draws to a close.
  • Investors looking for new public sector avenues in which to deploy their cash can now turn to Moody’s to provide ratings for otherwise unrated public sector borrowers in the UK, France and Germany.
  • The City of Gothenburg is to raise debt in the Swedish and Norwegian currencies.
  • SRI
    Queensland Treasury Corp on Wednesday became the second Australian sub-sovereign government to issue a green bond.
  • The Scottish city of Aberdeen may be long past its 1980s heyday — when it was the hub of the burgeoning North Sea oil industry and its football team was one of the most feared in Europe — but it could soon find itself being a useful capital markets bellwether for the latest constitutional crisis to hit the UK.