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◆ Another German issuer jumps into primary ◆ Orders rush in after pricing was fixed ◆ Does spread to KfW matter anymore?
◆ Aussie issuer returns after 2025 debut ◆ Asset managers like scarce international Australian risk ◆ Canadian names used to find fair value
Andreas Becker, head of treasury and pension fund for Land NRW, discusses borrowing strategy
Others quietly wait for bloc's syndication while KfW jumps into dollars, pipeline could be 'well filled' this week
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New sale landed with a limited new issue concession, bankers said -
SSAs look increasingly expensive versus government benchmarks, raising the question of when investors will stop buying
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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?
