Rentenbank
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Agency is now 65% funded with another deal planned for a couple of months’ time -
Investors are cautious but the deal is “a good test" of the current environment
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Rentenbank and EIB among those taking advantage of the French elections relief
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Issuer lures three times subscription despite sell-off and will issue two or three further benchmarks
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German issuer upsized the deal despite sell-off in rates
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A pair of German development banks also brought new issues on Tuesday
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German issuer returns to dollar long end after a three year hiatus
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The public sector’s rush to raise dollars is set to continue on Wednesday
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KBN, OeKB, Rentenbank and AFD to tap currency amid uncertainty in euros
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Issuers face a field of hazards, including opaque pricing and unreliable secondaries
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Issuer has one more benchmark transaction planned for 2023
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Labels and length as issuers offer duration to market where 'mis-steps' still possible
