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

North American banks tap euros amid slowing momentum

◆ Bank of America and National Bank of Canada opt for Monday issuance in shortened week ◆ Somewhat weaker backdrop results in lower price tightening versus recent senior deals ◆ BofA boosts euro funding this year to €6.25bn

Atanas Dinov, March 03, 2025
Sovereigns

France faces challenging times say CRAs as S&P switches to negative outlook

Scope warns country is ‘heading towards difficult budgetary trade-offs’ with increased defence spending

Addison Gong, March 03, 2025
Regulatory Capital

NN Group to refi grandfathered capital with new RT1

◆ Dutch insurance company prepares deeply subordinated issue amid weaker market ◆ But FIG's fundamentals unchanged ◆ Spike in rates may boost demand from yield buyers

Atanas Dinov, March 03, 2025
Covered Bonds

Danish Ship Finance sets sail for euro covered bond

Leads to use comparables ranging from South Korea to Denmark when pricing upcoming deal

Frank Jackman, March 03, 2025
Sub-sovereigns

Hesse grabs first Länder issuance since election with €500m FRN

◆ Not covered but not uncommon ◆ Prices around 2bp through fixed rate curve ◆ More German state supply expected

Elias Wilson, March 03, 2025
Covered Bonds

NordLB sets sights on long five year euro covered bond

German issuer's own comparable tenor deals disregarded in favour of more recent peer supply

Frank Jackman, March 03, 2025