Persisting duration demand allows NRW to price tight 30 year

Addison Gong,

March 13, 2024 03:00 PM

Flags of the federal state of North Rhine Westphalia and the German flag outside a government building, Dusseldorf, NRW, Germany

German sub-sovereign again proves that it 'owns the long end' in euros

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login

Topics

Sub-sovereigns SSA Germany Euro Barclays Citi Commerzbank JP Morgan Morgan Stanley

AG

Addison Gong

SSA editor GlobalCapital

Georgie Lee

Related articles

Senior Debt

Investors drive contrasting outcomes for FIG issuers

◆ Triple-B rated PBB print stuck at IPTs... ◆... while double-B rated Monte dei Paschi achieves strong outcome ◆ OP Corporate Bank lands flat to fair value

Atanas Dinov, November 20, 2024
Sub-sovereigns

Flemish Community exploits improving euro backdrop to tap recent 2034 bond

◆ 'Investors seem to be buying' in euros ◆ Institutional community's tap tightened 4bp ◆ Deal’s coverage ratio was issuer's highest this year

Elias Wilson, November 20, 2024
Corporate Bonds

Smurfit's 12 year bond takes big demand despite investors shunning duration

Long maturities continue to attract healthy oversubscriptions, but some investors don't see their value

Mike Turner, November 20, 2024
Sub-sovereigns

Baden-Württemberg euro print 'good sign for the market'

◆ Fair value uncovered after SSA repricing ◆ Printing €1bn 'looks like a stretch' ◆ Higher than average coverage ratio

Elias Wilson, November 20, 2024
People News

Barclays hires from Deutsche to replace Shah on syndicate

Key role in Paris filled

Jon Hay, November 20, 2024
GC View

Senior's rich spread leaves a bad taste in covered market

When senior unsecured spreads are so tight, why even think about issuing covered bonds?

Frank Jackman, November 19, 2024