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◆ Young issuer adds new currency ◆ €9bn book for €500m print, no NIP needed ◆ Results 'simply beyond what was expected'
◆ Issuer's second largest book ever ◆ Last benchmark of year ◆ Average NIP has shrunk this year
◆ Priced over Austrian govvies ◆ Scarcity and business model help demand ◆ Saskatchewan targets 10 year
Some deals struggled to get covered, but overall subscription ratio has been high
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◆ Choice of three or five year tenor considered ◆ 'Intensive schedule' of investor meetings pays off ◆ Other CAD issuers likely to be 'inspired' by deal
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Rating changes to EFSF, French agencies yet to come, impact expected to be minimal
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Issuance recovers from last week’s wobble but concerns linger after issuers like KfW widen
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KfW's Piet Jürging and Petra Wehlert discuss recent deals and the dollar's competitiveness
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Global head of funding Andrea Dore on this week's sterling and dollar transactions
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◆ IDA prints 'rare seven year' and gets big demand ◆ IDA premium debated ◆ KfW targets 'popular' short end