DekaBank
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Tone is ‘not exactly great’ for the primary SSA market this week
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Issuer decided not to delay but leads say ‘something’s missing’ about the market
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Issuers stick to the Länder rule book to maximise pricing
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French agency capitalises on rare capital market visit
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Widening Bund swap spreads draws bid back to paper
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Sub-sovereign continues to chip away at its €9.6bn annual programme
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German sub-sovereign brings new deal as investors distracted by busy FIG market
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◆ German issuer's new deal fits within the 20bp-25bp differential for SP and SNP bonds of tight European FIG names ◆ Tenor matches investors' and issuers' 'sweet spot' ◆ Majority sold in Germany where DekaBank enjoys strong name recognition
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French, German and Canadian issuers printed their first euro bonds of the year
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KfW announces ‘rather unusual’ euro dual trancher after revealing large programme last month
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Issuers 'can't be stingy' in tough conditions as issuer leaves 5bp on the table
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Leads’ orders helped issuer meet its size goal