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◆ Attractive pick-up to KfW and other peers ◆ Atypical tenor no trouble ◆ SSA appetite strong
Pan-European stock exchange shares what was behind its recent decision to launch a defence bond label, how it may help both issuers and investors, and what lies ahead
◆ 'Amazing,' says rival banker ◆ Lack of 10 year issuance helped ◆ Pipeline for next two weeks 'looking good'
◆ Dealers slow to adjust Länder secondary pricing ◆ 'A lot of discussion' on order updates ◆ Covereds trade tight to Länder
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Issuance from German states has increased 70% year-on-year -
Compatriots' recent deals helped provide clarity on pricing
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The Spanish region served up its sustainable debut to raise €500m
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Hesse takes €1bn after investors flock to Land NRW, Saxony-Anhalt and Land Baden-Württemberg
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Issuers target both the short and the long ends of the dollar curve
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French issuers also revelled in 'outstanding' issuance this week due to improved relative value versus peers
