Weekly Covers
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◆ KfW's Petra Wehlert and Mustafa Sari discuss transaction ◆ Issuer opts for CMU settlement for first time ◆ 'Bigger story' linked to de-dollarisation
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Sovereign wealth fund takes $2bn, as aimed at
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◆ Supranational was 'hesitant' to print on Monday ◆ New issue concession estimated ◆ Timing of cross-currency swap execution
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◆ Munich-based firm prints €2.3bn ◆ Autos start 2026 with strong demand ◆ Deal solid despite equity weakness
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Books for the short-dated trade are already three times covered
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There is 'huge' interest from the private sector to investing in Ukraine, but cash will not come during the war
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The deal has not been pulled or put on hold, said sources involved
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Weak or half-hearted response to Greenland threats will leave markets crumbling
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◆ 'No qualms' getting good trade done ◆ Fair value estimated ◆ Subscription ratio for 15 year rises
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Czech defence firm set for largest European IPO since Porsche's 2022 listing
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◆ Joint largest US bank deal in euros in at least five years ◆ More than twice subscribed ◆ Heightened premium compared to dollar funding
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◆ Issuer fully covers €1bn no-grow deal ◆ Weaker sentiment dents Länder’s tighter pricing trend ◆ Would another 1bp make a difference?