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◆ Deal confirms 'fair price for Bundesländer' ◆ 6bp pick up over KfW ◆ Things are looking up for January
Two trades could come this week, but little supply expected following Thursday's US holiday
◆ Large book for small tap ◆ Flight to safety helps swap spreads ◆ L-Bank grabs $1.25bn
◆ 'Investors seem to be buying' in euros ◆ Institutional community's tap tightened 4bp ◆ Deal’s coverage ratio was issuer's highest this year
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◆ Fair value uncovered after SSA repricing ◆ Printing €1bn 'looks like a stretch' ◆ Higher than average coverage ratio -
Massive market swings make analysing new issue premiums a challenge
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Wallonia and Hamburg tap bonds as bloc mandates tenth syndication
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◆ ‘Pragmatic’ issuer prices at new found level ◆ KfW bonds used as building block for pricing ◆ Deal should give ‘encouragement’ to others
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No tightening in sight but stability hopes rise as market digests US and German political upheavals. Next EU deal to offer direction
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Three issuers hit the market on Thursday, as pipeline builds for next week
