German Sovereign
-
The green bond market was home to a pair of firsts this week, as one seasoned issuer sold its first ever bond in any format at a tighter spread to US Treasuries than mid-swaps, and another made its debut in the SRI format. -
-
Senior SSA bond market figures are already banking on the European Central Bank extending its purchase programme to include German regions, the response to a State of Hessen benchmark seemed to show on Thursday. Virginia Furness reports.
-
Rumours that the European Central Bank will add German regions to its public sector purchase programme fuelled demand for a State of Hessen benchmark on Thursday, said bankers.
-
A German state is on track to wrap up its funding for the year on Thursday, as an agency from the country is tipped to bring a benchmark next week.
-
European Stability Mechanism printed a solid €1.5bn bond on Tuesday, falling just short of completing its funding target for the year.
-
KfW and the City of Paris built healthy books for no-grow green bonds on Tuesday, as some bankers suggested the KfW deal showcased the lesser execution risk amid tricky conditions that green bonds offer over conventional deals.
-
A supranational is set to add a new point on its curve this week, as a German region prepared to bring its third benchmark of the quarter.
-
A pair of public sector borrowers are lining up green bonds this week — but one of the deals could have implications beyond that of the burgeoning SRI bond market.
-
-
Guarantor: Federal State of North Rhine-Westphalia
