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◆ Dealers slow to adjust Länder secondary pricing ◆ 'A lot of discussion' on order updates ◆ Covereds trade tight to Länder
Focus on diversification boosts activity across Australian, Canadian and Danish markets and many more
◆ Pricing 'close to fair value' ◆ Deal finishes subscribed ◆ PBB no problem for SSAs
◆ Deal arrives same day as EFSF dual-trancher ◆ Pick-up over KfW ◆ Public sector pipeline mulled
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◆ Big order book achieved ◆ Coupon set to land north of 4% ◆ Attractive pickup over swaps -
◆ New investors after European roadshows ◆ Issuer receives 'a lot of attention' from dealers ◆ Achieving liquidity and competitive pricing in swaps important
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State could fund 50% more next year and is ready to act early in January
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◆ Longest euro benchmark from a Canadian province ◆ Investor demand for spread over European SSAs ◆ Building a curve and paying a premium
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◆ German state's last benchmark this year ◆ Tightest Länder seven year in 2025 ◆ International demand dominates book
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◆ Land NRW and British Columbia eye euros ◆ Rentenbank going for dollars ◆ Too soon to pre-fund?
