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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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  • Three banks will publish on Monday a set of principles for social and sustainability bonds, which they suggest should be added as an appendix to the Green Bond Principles.
  • Three banks will publish on Monday a set of principles for social and sustainability bonds, which they suggest should be added as an appendix to the Green Bond Principles.
  • The Securities and Exchange Board of India (Sebi)’s subcommittee for developing a municipal bond market has released regulations for the instruments. While the rules provide detailed requirements for listing and issuing muni bonds, many more reforms are needed at the local government level.
  • SSA
    A German region managed to raise €500m via a tap and a supranational is lining up a euro deal, despite the Greek debt crisis limiting benchmark opportunities in the currency.
  • SSA
    The depth of the dollar market for public sector borrowers was showcased by a trio of deals this week, as even those that aimed for tight pricing rather than size overshot volume targets.
  • SSA
    A pair of public sector borrowers were able to place larger than planned dollar benchmarks on Thursday.