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
-
-
A first ever syndication for Community of Extremadura — and its largest ever deal — this week could be a sign of things to come, according to bankers. With a more than doubly oversubscribed book and strong international participation, the deal provided evidence that even issuers without much investor recognition can enjoy the benefit of the rally in the eurozone periphery that has run since the start of the year. -
The appeal of long-dated debt is on the rise in Swiss francs, with a return to the market from New Zealand's Auckland Council this week drawing strong demand as a result of its 12 year maturity. The issuer was able to easily reach its size cap at a tightened price.
-
Community of Extremadura sold its largest ever bond with its debut syndication on Wednesday, a day before the Spanish sovereign auctions debt.
-
Auckland Council sold its second ever Swiss franc deal on Tuesday. The short 12 year bonds benefited from a strong bid for duration from Swiss investors, allowing the issuer to reach their size cap at tightened pricing.
-
The longest recession since the Second World War is over. In the fourth quarter of 2013, the Italian economy emerged from the recession and recorded positive growth for the first time since 2011. The growth was modest, but there is a clear trend towards a stronger recovery.
