Basis swap lures L-Bank back to sterling after 23 years

June 13, 2024 08:27 PM

L-Bank administration building, state bank of Baden-Wurttemberg, Stuttgart, Baden-Wurttemberg, Germany

German issuer's return partly due to continuing volatility caused by the French election

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

SSA Sub-sovereigns Germany Europe Sterling L-Bank

Steve Gilmore

Related articles

Supras and agencies

EIB prints digital bond in final planned exploratory project

◆ Two day execution ensures T+0 settlement ◆ Goldman Sachs acts as platform provider ◆ Second recent exloratory project

Elias Wilson, November 22, 2024
Senior Debt

$Die Zentrale der Bayerischen Landesbank am 13. Juli 2020 in Munchen. Die Landesbank gehort zu 75\% dem Freistaat Bayern und zu 25\% dem bayerischen Sparkassenverband. -- The headquarters of the BayernLB seen in Munich on July 13th 2020. (Photo by Alexande$

BayernLB plants flag in non-preferred sterling

◆ Landesbank opens new funding ground to meet sterling need ◆ Prints in weaker backdrop ◆ Pays premium for currency and inaugural aspects

Atanas Dinov, November 22, 2024
ABS Europe

Stella year for Italian ABS despite worries over unsecured loans

Confidence remains that structures can ride out any deterioration

George Smith, November 21, 2024
The Sustainable Economy

Strife at COP leaves climate burden on private actors

Oil producers hinder progress, rich countries reluctant to pay

Jon Hay, November 21, 2024
Corporate Bonds

Bustling corporate hybrid issuers battle against fickle investors

Hybrids find it hard to consistently hit the target as senior/subordinated spread shrinks

Mike Turner, November 21, 2024
SSA

SSA issuers face up to swap spread-driven repricing for 2025

Market participants look to find new clearing level but widening fears loom

Elias Wilson, November 21, 2024