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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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Central bank expected to end seven years of negative rates on Thursday
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The German SSA issuer proved that the euro market remains very much open despite the unexpected rate decision from the ECB last week
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German sub-sovereign issuer gears up for the first euro SSA deal since the ECB’s 50bp rate rise, with Swedish agency eyeing dollars ahead of Fed meet
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SSA issuers becoming more willing to issue on less obvious days to get deals done
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Swiss market only suitable for high grade names until post-rise stability is found
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Issuer overcomes worries of low levels of interest for long euro debt