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Issuer leaves more NIP than earlier this year, as order sizes shrink after busy May and June
All as expected by the market, but lack of more details regarding bill issuance somewhat disappoints
◆ Deal 'tight from the outset, but deliberately so' ◆ Slim concession paid ◆ Washington supras in dollar focus
◆ German agency taps bond from 2024 ◆ Line reopened was ‘interesting’ but considered expensive by some ◆ 'No huge NIP' to start with, but book grew after modest tightening
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◆ Another $500m no-grow launched ◆ Can’t stay away from the dollar market ◆ Fair value hard to pin down -
◆ Pricing through fair value ◆ Big size for 'darling' Canadian issuer ◆ Attractive pricing over tier one SSA names
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◆ Last EARN benchmark from the supra this year ◆ Deal's success will be hard to replicate ◆ Issuer could prefund another €4bn
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◆ IBB has clear curve-building strategy ◆ Offers attractive pricing against KfW and Länder ◆ Five year tenor pulling in accounts
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Slow start to the week but larger borrowers, including EIB, expected to join in
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Bloomberg Index Services announced new review ahead of the bloc's upcoming syndicated transaction
