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◆ Issuer's first benchmark after after active start of year in PPs ◆ Deal attracts big book despite large tightening ◆ Only KfW priced with lower spread to USTs this year
International interest for German paper has grown
ESM priced new €2.5bn 10 year at flat to EIB
◆ Issuer's first green benchmark in 2026 ◆ Blended premium estimated ◆ Central bank/official institution allocations 'notable and high' for green label
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Primary deal flow expected to resume next week, but amount raised will be small
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Gilt market braces for Bank of England meeting on Thursday
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No let-up in issuance but investors running short on cash
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Government bond yields fall as bankers debate HICP 'trigger'
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Hessen prices €250m tap as market braces for a week of data drops and central bank meetings
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World Bank Group issuer back in dollars for first time in two and a half years as financing needs grow