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Recent primary deals were well received, but some fatigue is creeping in as new deals line up
Treasury director Rodrigo Robledo says investor relations work has paid off
◆ Spread not tightened ◆ New issue concession paid ◆ Pick-up over KfW estimated
◆ Multiple times subscribed ◆ High quality interest ◆ SSA market open despite lunar new year and carnival holidays
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◆ Madrid plans 10 year deal ◆ Bpifrance set to launch EuGB ◆ MuniFin 'rare and well regarded' -
◆ German city state brings rare 20 year ◆ Pricing was tighter than peers' secondary ◆ Andalucía joins Basque from Spain
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◆ ESM set for first syndication of 2026 ◆ EIB drawn to popular 10 year dollar demand ◆ KfW taps sterling market
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Investors and bankers consider prospects for UK country's first bond issue
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◆ First deal from regions and agencies in Spain this year ◆ Bond lands just 4bp over Bonos ◆ How far can Spanish SSAs go from here?
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Inaugural government deal could come in late 2026 or early 2027
