Deutsche Bank
-
Sub-sovereign continues to chip away at its €9.6bn annual programme -
“Pretty much fair value pricing” for triple-A rated sovereign
-
German sub-sovereign brings new deal as investors distracted by busy FIG market
-
Well-funded SSA issuers take their time, but weak secondary performance worries bankers
-
Supra has already completed 44% of its borrowing by the end of February
-
Two syndications have landed the sovereign €16bn with just one more trade left to do
-
BoE, ADB, KK and AFD follow peers into dollar mart after week of healthy demand
-
Agricole issued early in January, but found the market in better health on its second visit
-
Some market participants saw just 1bp of new issue premium in the deal
-
Fair value is seen around high-20bp with more than 10bp of pick-up versus KfW
-
Investor hunger for rare names and long tenors helped multilateral price tight
-
Issuer will move to focus on euro and Kangaroo markets for rest of 2024, though another dollar deal is also on the cards
