Germany
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The bank's plan to issue a seven year covered bond sets the stage for likely head to head execution with LBBW
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French, German and Dutch banks are forecasted to print a combined benchmark volume of around €75bn, with 2024 looking like another year of positive net supply
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Despite prevailing bleak sentiment from expensive Pfandbrief issuers, the market is bracing for the reopening of the long end of the market
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Spreads have been resilient as S&P says limited impact on covered bond programmes from Austrian property company's default
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Only premier corporates expected to print in remaining days
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The German defence company's valuation has almost doubled since the start of the war in Ukraine
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German development bank looks to fund €90bn-€95bn, the higher end of what was expected
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The German state is eyeing two fixed rate benchmarks in the first half of next year
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The deal offered exceptional value and was increased then tapped
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Issuance will depend on the success of its wind-down operations
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The regional development lender finished north of €10bn this year
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More benchmarks of €1bn are planned for the year ahead