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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?
North Rhine-Westphalia will get "a lot of legroom" to expand investments, treasurer says
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◆ Bond almost three times subscribed ◆ Issuer did not pay a concession ◆ Deal priced through Länder peers -
◆ Print signals a 'strong start going into 2025' ◆ Fair value hard to pinpoint ◆ Länder peer mandates deal
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◆ Deal confirms 'fair price for Bundesländer' ◆ 6bp pick up over KfW ◆ Things are looking up for January
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Two trades could come this week, but little supply expected following Thursday's US holiday
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◆ Large book for small tap ◆ Flight to safety helps swap spreads ◆ L-Bank grabs $1.25bn
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◆ 'Investors seem to be buying' in euros ◆ Institutional community's tap tightened 4bp ◆ Deal’s coverage ratio was issuer's highest this year
