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◆ Spread to Land Hessen key to pricing ◆ Leads thought long and hard on whether to tighten ◆ 1bp move the right amount as book grew
◆ Three German states brought a new Joint Länder bond ◆ No book update, KfW curve guides pricing ◆ Flemish Community prints new 15 year
Second digital project won’t be the issuer’s last, Länder peers may be ‘interested and willing’ to join in
◆ Half-year close keeps some issuers on sidelines ◆ Bankers expect big euro supply to come ◆ More concession on pricing could be required
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Primary activity is set to ease into next week as Lunar New Year holidays take place
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Borrowers from both sides of the Atlantic make their second or third appearances this year
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French, German and Canadian issuers printed their first euro bonds of the year
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Buyers grapple with falling interest rates
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KfW announces ‘rather unusual’ euro dual trancher after revealing large programme last month
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The German state is eyeing two fixed rate benchmarks in the first half of next year