Germany
-
◆ Fresenius, Danone and Proximus benchmarks shake off tariff turmoil ◆ Range of new issue concessions needed ◆ High orderbook attrition for those pushing hard on spread
-
◆ Book holds together despite strong spread revision ◆ No concession needed for popular print ◆ Investors find safe haven in covered bonds
-
Covered bonds to benefit from safe haven bids as Trump tariffs dampen unsecured supply
-
After €1.25bn close to curve, Land's treasurer discusses reforms
-
Machinery maker now has 20 relationship banks
-
◆ Issuer strikes 'fine balance', prioritising size ◆ Pricing came in line with recent peers and KfW ◆ Have 10 year Länder bonds found their level?
-
North Rhine-Westphalia will get "a lot of legroom" to expand investments, treasurer says
-
Rising defence spending to create opportunities for lenders
-
Bond prices 'will need to adjust' as markets gain more context on defence spending plans
-
◆ Two German sub-sovereigns hit the screens ◆ Surprisingly positive week for Länder new issues ◆ Country's fiscal expansion plan expected to get final nod on Friday
-
◆ Hamburg prices with 1bp of NIP ◆ Länder orderbooks growing ◆ More deals to follow
-
◆ Land NRW garners €4.5bn peak book ◆ Debt brake vote passes without issue ◆ Hamburg prepping Wednesday deal