BNP Paribas

◆ Textbook tightening ◆ Stable conditions open up market ◆ 60% of funding expected to come by June

◆ BNPP 'gives the market what it wants' as it raises more with longer, lower ranking tranche ◆ Market receptive to big senior deals ◆ Third French deal in three days

◆ Larger new issue premiums required ◆ 6bp tighter than Bpifrance ◆ Size set at €2bn

◆ Level set at fair value, price not tightened ◆ French agency follows on in same maturity ◆ Books of under €1bn

Development bank wants to encourage adoption by showing how new standard can integrate with existing green bond issuance

Capital markets banker returns from US to take over Ponsonby's remit and more

◆ Paper is a 'must buy' for some accounts ◆ Pricing breaks trend and tightens 3bp ◆ Orders total over €40bn

Goldman Sachs joins Western Europe's top three bookrunners

◆ First euro deal from Candian province hits 'perfect storm' ◆ BNG and AFD print 15 years ◆ All tighten by at least 3bp

◆ Four issuers out in dollars, three in the same maturity ◆ Swap spread moves foil tightening potential ◆ Deals getting done, but market isn't 'white hot'

◆ Difficult FIG execution was less pronounced in the senior market ◆ New type of offerings from BNP Paribas and Islandsbanki receive strongest reception ◆ AIB's mid range holdco lifts lower volume

◆ Priced off recent peer issue ◆ New levels found after swap spread moves ◆ Deal twice subscribed