Top section
Top section
◆ Sovereign not appeared in long-end since 2024 ◆ Pricing close to fair value and to EU ◆ 'Very supportive story' around Spain
◆ Issuer returns to EuGB label ◆ €4bn trade bigger than last year's debut ◆ 'Very positive' and 'very successful' exercise
◆ Issuer already raised €7bn in January ◆ More advanced funding progress than last year ◆ Textbook approach to pricing
Data
More articles/Bonc comments/Ad
More articles/Bonc comments/Ad
More articles
-
Latest deal came 1bp through fair value, according to the issuer -
Some market participants saw just 1bp of new issue premium in the deal
-
Borrowers benefit from scarcity value and lack of competing supply
-
Fair value is seen around high-20bp with more than 10bp of pick-up versus KfW
-
‘Difficult to argue against this trade’, said one lead
-
Santander picks up another investment banking hire
Sub-sections
-
Sponsored by Islamic Development Bank (IsDB)
Sukuk market’s next chapter: Financing the future, sustainably
-
Sponsored by CAF – Development Bank of Latin America and the Caribbean
CAF gearing up to transform regional development
-
Sponsored by European Investment Bank
European Investment Bank: Supporting sustainable development in North Africa
-
Comment