Top Section/Ad
Top Section/Ad
Most recent
◆ 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
More articles/Ad
More articles/Ad
More articles
-
Finnish municipality, City of Turku made a rare appearance in the capital markets on Tuesday, printing its second bond issuance of the year. It funded at a cheaper level by avoiding fees it would usually pay to fund through Finnish government lender Municipality Finance.
-
Luxembourg will launch its debut sukuk next week at the earliest, according to a banker on the deal. The issuer’s prospective five year transaction could be priced flat to or even through mid-swaps, but unlike the UK’s inaugural sukuk, Luxembourg is likely to have to offer a premium to its conventional curve, leads admitted.
-
Seven German regions enjoyed super tight pricing versus swaps when clubbing together for a Joint Laender deal this week. The issuers priced a no-grow €1bn September 2024 on Wednesday morning at the tightest spread to Bunds for a Joint Laender deal in more than seven years — and the tightest ever spread over mid-swaps for a 10 year.
-
Seven German regions priced a no-grow €1bn September 2024 on Wednesday morning. The issuer had to print at the long end of the curve to entice demand, according to the leads.
-
Nederlandse Waterschapsbank is set to sell a $1.5bn three year benchmark at the tight end of initial price thoughts — a level through its curve, according to one of the leads. Finnvera priced a straight five year having revised its maturity from a January 2020 announced on Monday.
-
Province of Ontario took advantage of roaring conditions in dollars this week to punch a big stamp on its dollar curve. The sub-sovereign was able to establish its biggest seven year benchmark.