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Only one of Canada's big five banks has yet to publicly support new defence bank initiative
◆ 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
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Pair to slip through narrow issuance window as others expected to wait on sidelines -
Bankers thought new deal as ‘very successful’ though ‘volatility concession’ was needed
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Progress in aligning capital flows with a low carbon economy is still too slow
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New week, new challenge as war in the Middle East adds to uncertainty
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Pre-funding unlikely as issuers look to complete year's borrowing in fraught markets
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Latin American supranational achieves tight price in volatile market
