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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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'Catch-up effect- sees issuance top Sfr2bn for another consecutive week -
Issuers having second thoughts about mandating for dollar bonds while euro and sterling issuance charges ahead
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◆ What happened at the EBRD's Annual Meetings ◆ Romania's new president and the fiscal fright that awaits him ◆ Investors distracted from FIG by US corporates
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◆ Issuer achieves cover ratio record ◆ Other markets in play for remaining $3bn needs ◆ More SSA dollar issuance to come
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Issuers back to comfortable position ahead of summer months after busiest week in euros since February
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The German agency has been working on bringing up the liquidity of its bonds
