Change in tide as KfW prices euro jumbo

摘要

The extent of the repricing the euro public sector market has gone through over the last 12 months was plain to see last week when kfw priced a €5bn five-year some 14bp wider than a comparable trade in 2017. The German agency priced the deal at 20bp through mid-swaps, offering 4bp of new issue premium, which helped draw books over €12bn.