OeKB
-
◆ Austrian issuer ‘monetised’ recent bonds’ performance ◆ Spread to KfW smaller than usual ◆ Book was of top quality -
◆ Sterling market goes from busy to busier ◆ OeKB takes ‘decent book’ ◆ Agency looks to dollars next
-
◆ Last dollar benchmark of 2024 is a five year ◆ Spread tightened despite tight start ◆ ‘Very strong print’ at a ‘carefully chosen spot’
-
◆ OeKB jumps in early window ◆ Deal was its longest in sterling ◆ KfW finds window for small tap
-
A three or five year benchmark is expected as agency enters autumn 80% funded
-
Pricing from swap curve has taken a firm hold in 2024
-
Agency joined SSA peers to confirm that ‘there is demand’ in this market
-
Issuer found unprecedented success in sterling and five year dollars
-
Issuers and bankers debate whether pricing against swap rates will become the norm or remain an exception
-
More issuers have priced sterling bonds against swaps than Gilts so far this year
-
Next year's target for the Austrian agency will be around €6bn
-
Issuers take every opportunity to print as market turns tougher
