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◆ State raises €625m as markets sink ◆ Spread hungry bank treasuries drive demand ◆ 7.5bp pickup over KfW
After €1.25bn close to curve, Land's treasurer discusses reforms
◆ First euro deal from Candian province hits 'perfect storm' ◆ BNG and AFD print 15 years ◆ All tighten by at least 3bp
◆ Issuer strikes 'fine balance', prioritising size ◆ Pricing came in line with recent peers and KfW ◆ Have 10 year Länder bonds found their level?
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◆ No book size revealed ◆ Issuer braves volatile market ◆ Short end of curve tricky to navigate -
Bankers split on expectations as ‘everyone has been in the market’
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◆ Historically big print in the tenor ◆ Dollars the best option ◆ Central banks and official institutions show up
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Euros are only ‘good on paper’ and dollar funding still attractive — for some
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◆ Missing fast money causes problems ◆ Fair value is a moving target ◆ SEK sails through with no-grow
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◆ Issuer faces stiff competition ◆ First benchmark deal of the year ◆ Länder-KfW spread 'should be moving out again'
