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◆ Three syndicated OLOs raise sovereign a record €22bn ◆ Smaller book than last two, but “quality is definitely there” ◆ Usual pricing approach adopted
New issue premiums in recent weeks were lower compared to the highs after the Iran-US conflict began
Belgium and two European agencies also mandated, even as the US and Iran failed to reach a peace deal
‘Whole curve open’ for SSA issuers but seven year point stands out as ‘interesting’ spot amid euro curve shape shift
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Estonian sovereign outing its first under local law
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◆ Sovereign serves up first 30 year SSA deal in two months ◆ Cost-sensitive issuer opts for limited size ◆ Very small NIP, even by German standards
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An public sector issuer breaking a record with a deal this week became so common a claim it began to sound like, well, a broken record. But questions remain about how robust demand really is
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Markets ‘not out of the woods yet’ as large sovereigns shorten execution process to de-risk issuance
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Switch auctions to make comeback as DMO chief discusses record breaking deal and 2026-27 funding
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◆ Sovereign breaks BTP orderbook record again ◆ Demand was huge, but not because price was cheap ◆ Curve stability despite addition of jumbo 10 year