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◆ Final euro benchmark done at optimal time ◆ Spread to KfW was key, little NIP paid ◆ Investor work has 'really come into fruition'
◆ ADB prices flat to EIB ◆ Deal expected to be its last dollar benchmark this year ◆ British Columbia also jumps in, Québec next
◆ Fast money acts quick ◆ Bank treasuries weigh ASW levels ◆ 'Real market opener' still awaited
Appetite for long‑dated MTNs firm in quiet summer market, say bankers
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Sub-sovereign continues to chip away at its €9.6bn annual programme
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German sub-sovereign brings new deal as investors distracted by busy FIG market
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Well-funded SSA issuers take their time, but weak secondary performance worries bankers
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Germany SSA repricing needed but will Länder have to cheapen, or does KfW have room to tighten — and when?
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The German state needs to raise 20% more than initially planned
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Latest deal came 1bp through fair value, according to the issuer