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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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Euro pipeline builds during period of light central bank activity
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Unédic, MuniFin and the State of Lower Saxony see ample support for trades
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German state brings ultra-long deal to thin market on eve of ECB meeting
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The country's oil dependants must build on the sovereign's net zero journey
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What the Swiss franc market lacks in size it makes up in pricing