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◆ Other recent German deals finished uncovered ◆ RV against KfW was important ◆ Some argue outcome 'not great'
◆ Third SSA in a week gets low demand ◆ Starting level 'seemed good approach' but fails to draw appetite ◆ Coupon level gives hope in secondary trading
First batch of post-summer new issues flooded with demand, but will it last?
◆ Five year 'would have been simple option' ◆ Building on success of World Bank ◆ Swap spreads steady despite heavy issuance
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French region was among two smaller SSA issuers in euros while a Washington-based supranational tapped Nordic markets
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German sub-sovereign's domestic appeal allowed it to price second deal of month despite high profile supranational mandate
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Digital deal comes two months after UBS laid groundwork with November OpCo digital trade
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Sovereigns take €7bn each while supranationals and agencies also keep euro buyers busy
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Issuers including Belgium and Italy are queuing up to access the market
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Some say about time, while others warn it is too soon