Helaba
-
◆ Prices 15bp through peer ◆ Fair value not easy to calculate ◆ IFB Hamburg prints too -
◆ NRW.Bank opens euro account ◆ WIBank flat to fair value ◆ Saxony-Anhalt tightens
-
◆ Slim book for German lender ◆ Investors hesitant over spread to SSAs ◆ Single digit concession needed
-
◆ Landesbank balances size and price aspirations ◆ Rising geopolitical tensions drive up new issue premium ◆ Spread tightened by less than on recent deals to keep investors in the book
-
◆ Issuer scales back size target ◆ Hesse was ‘doing the sensible thing’ ◆ Both short and long-end euros tricky to navigate
-
◆ Issuer sells euro bond on FOMC day ◆ Screen pricing ‘makes little sense’ ◆ Other comps helped price discovery
-
◆ Issuer faces stiff competition ◆ First benchmark deal of the year ◆ Länder-KfW spread 'should be moving out again'
-
◆ Ten year Länder paper widens against KfW ◆ Deal strikes balance between size and price ◆ Investors on board despite deeply negative OAT spread
-
Novotny-Farkas is understood to be joining another bank in Germany with similar responsibilities
-
Issuer decided not to delay but leads say ‘something’s missing’ about the market
-
German issuer wants to issue dollar five year, euro 10 year, and sustainable deals before year-end
-
Issuers stick to the Länder rule book to maximise pricing
