EUR New Issues: Big supply returns with EFSF, BNG, KfW, Mizuho

Rusty pipe leak 10 Jun 2021
Big supply has returned to the euro market with BNG Bank, E.On, KfW, Intesa and Mizuho among the issuers pricing today.

Start a free trial to read this article

Join today to access all  Total Derivatives content and breaking news. Already a subscriber? Please Log In to continue reading.

Or contact our Sales Team to discuss subscription options.

Get in Touch
Blurred image of Total Derivatives article content


New issues

  • EFSF plans to tap its 2.75% 2026 and launch a new €2bn (max) 15y due 2038 in the near future. Leads are Commerzbank, HSBC and Nomura.

  • BNG Bank is pricing €1bn 10y Social at swaps +11bps through DZ, Natixis, Nomura and TD.

  • E.On is pricing EUR Green 5.5y around swaps +80bps and 10y around +115bps. Leads are BofA, DB, NatWest and UniCredit (B&D).

  • Intesa Sanpaolo is pricing EUR 4y around swaps +125bps and 8y around +220bps through BNPP, BofA, CA, HSBC, IMI (B&D), JPM, Mediobanca and MS.

  • Mizuho is pricing EUR 7y Green around swaps +165bps through HSBC, ING, Lloyds, Mizuho (B&D) and SocGen.

  • Swedish Export Credit plans EUR 7y through BNPP, CA, DB and HSBC.

  • Finland plans to sell €3bn (max) long 5y bonds through Barclays, BofA, Danske, DB and JPM.

  • KfW is pricing €4bn long 5y at swaps -13bps through DB, GS (B&D), HSBC and JPM. Latest order book size reported to be above €7.3bn.

  • Danske Mortgage Bank is pricing €1bn long 5y Covered at swaps +26bps through BNPP, BBVA, Danske, DZ and Erste.

  • Virgin Money is pricing €500m 5y Covered at swaps +50bps through BBVA, BNPP, Lloyds (B&D), NordLB and Santander.

  • Helaba is pricing €1bn long 4y Covered at swaps +6bps through Commerzbank, DB, Helaba (B&D), Natixis, SocGen and UniCredit.

  • Slovenska Sporitelna is pricing €500m long 4y Covered at swaps +53bps through BayernLB, DZ, Erste (B&D), ING and UniCredit.