Austria
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Investors gobble up green deal despite it being more expensive than shorter debt from same issuer -
Some investors are waiting for covered bond spreads to widen before jumping into the primary market
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Austria to debut in green bond market, while Italy faces pricing into widening spreads
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The long tenor was a bone of contention and investors had plenty of other deals on offer
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Sovereign green bond volumes plunge with no new lines this year so far
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Order book swells after final terms set as with earlier Austrian deals
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The Austrian co-operative has been urged to take a cautious initial approach to pricing
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Previously mooted covered bond plans not completely off the table
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Orders for the well subscribed deal continued to flood in after spread was set
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Slovakian deal joined by Austrian and German mandates
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Sven Baumann had been with Citi for seven years
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The unrated issuer found pockets of demand in the German-speaking world and beyond
