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◆ Japanese issuer back with usual benchmark ◆ Difficult backdrop, ‘good for them to get this away’ ◆ Tier one issuer needed
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
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Germany's poor economic growth is putting pressure on the federal states' finances -
German state has increased its funding target to €9.5bn from an initial €7bn-€9bn
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Australian state prices through domestic curve, despite lower-than-expected investor demand
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Supplementary budget could see €1bn-€2bn of additional borrowings later this year
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German state launches oversubscribed €500m deal close to secondary curve
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IADB taps sterling while two other issuers mandate for new issues
