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◆ 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
◆ Canadian issuer's first benchmark in dollars, euros or sterling this year ◆ Dollar supply lull aids return ◆ Clean book and harsh allocations
◆ French agency prints last benchmark of the year ◆ Book tops €4.6bn despite thin hedge fund participation ◆ New issue concession estimated
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Issuer returns to market with 10th euro social bond, reaches 56% funded
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Head of funding Sven Wabbels and senior funding manager Jörg Graupner on KfW's recent euro deal
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French agency remains ahead of the curve in its third biggest year for fundraising, may bring another trade before summer
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◆ Intraday trade, quick execution ◆ Deal came ahead of Moody’s France review ◆ ‘Good window’ also considering OAT auctions next week
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Busy and ‘euro-heavy’ week ahead but dollar pipeline also building with issuers set to bring forward bond plans
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◆ New issue premium debated ◆ Rival bankers praise outcome ◆ Secondary performance mulled