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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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Investors still favouring liquidity, but smaller issuers can get deals done -
Canadian province follows on from Swiss franc trade to rebuild international curves
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Banks taking sizeable portions of deals as investors prove difficult to tempt
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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
