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◆ €250m deal went better than expected ◆ Spread to KfW key to pricing ◆ Land NRW sustainability next
◆ Large demand leads to large print ◆ Early momentum in quality book ◆ 'Everything flying' but spread to swaps also attracts
Risk of complacency flagged as issuers continue to fund into summer
Investor relations efforts and euro demand help issuer price at ‘ambitious but not unrealistic’ level
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Issuers including Belgium and Italy are queuing up to access the market -
Some say about time, while others warn it is too soon
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Plans expected to aid liquidity as EU’s funding grows
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Triple A-rated German development bank to borrow €80bn
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Issuance from cantons could rise next year as regions look to close SNB dividend shortfall
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The issuer priced the €500m tap before the EU sent out the RFP for its last transaction of 2022
