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◆ Japanese agency had two day execution ◆ Spread not tightened ◆ Final order book falls short
Primary market for public sector unlikely to see large transactions until after Easter, reckon bankers
Market participants pray for no negative news overnight in hope of ‘pre-Easter wave of issuance’
Former corporate’s green deal will be first under new state guarantee regime
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Four deals from a total of seven announced on Monday will price in dollars -
Investors nervous about duration and fear steepening, but new opportunities could open up for issuers
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Modestly sized euro and dollar benchmarks are being prepped for next week
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◆ 'Special trade' for the Dutch agency ◆ Bankers agree on NIP ◆ AIIB trade gives demand signal
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◆ Canadian issuer last appeared in euros in 2022 ◆ ‘They came back with a strong print’ ◆ Large book makes allocation a challenge
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French agency makes three appointments, including that of BNG's CFO
