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◆ No book update for €500m no-grow deal ◆ Surprising lack of demand for defensive trade ◆ Investors continue to cherry pick in big week for supply
◆ Spread to Land Hessen key to pricing ◆ Leads thought long and hard on whether to tighten ◆ 1bp move the right amount as book grew
◆ Three German states brought a new Joint Länder bond ◆ No book update, KfW curve guides pricing ◆ Flemish Community prints new 15 year
Second digital project won’t be the issuer’s last, Länder peers may be ‘interested and willing’ to join in
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The Spanish Autonomous Community of País Vasco may issue its first public bond in over five years in 2015.
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The States of Guernsey has entered the bond market for the first time, having been tempted to bring a deal by ultra low Gilt yields.
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The States of Guernsey entered the bond market for the first time on Friday, having been tempted to bring a deal by ultra low Gilt yields.
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Sterling investors worried about a drop in Gilt supply from the United Kingdom this financial year after Wednesday’s autumn statement received some good news on Thursday, as a new issuer mandated banks on Thursday for a debut bond.
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A pair of German states jumped into the euro market at the start of the week, grabbing the opportunity to source cheap funding as speculation that the European Central Bank could start buying government bonds pushed Bund yields to record lows. But despite the luscious funding conditions, bankers are struggling to find supply.