KfW
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‘Window-driven market’ drove large SSA issuers to compete for attention, as KfW landed a tight price but the EIB took its biggest book of the year
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Top European borrowers bring competition in crowded market
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Increase to old bond attracts strong demand as RBA triggers buying
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Issuers are warned they now have to pay up as the ECB's 'backstop' is no more
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There is 'something for everyone' as pace of issuance accelerates
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Wider spreads against swaps have allowed issuers to pay skinny concession to print large sizes
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IADB, KfW and the World Bank raised more than $10bn between them
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Deals planned for across the maturity curve
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Second and third movers paid 'next to no premium' at own peril, while bankers praised issuers merely for getting over the line
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Market can expect shorter dated deals with limited new issue concessions as European Union taps longer as usual
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German state seizes opportunity ahead of European Central Bank meeting on Thursday
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US banking woes 'pretty far removed' from eurozone, say participants, and central bank expected to power ahead with 'number one concern'