Morgan Stanley
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◆ Record book for an EIB EARN ◆ Demand supports ‘comfortable’ 3bp tightening ◆ Positive backdrop as SSA spreads perform in secondary
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Issuer aims to stay active in core maturities and has now done three and 10 years in 2025
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◆ Hesse prints largest European regional green bond ◆ ESM builds 'massive' book ◆ CDP tightens pricing by 6bp
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◆ Deal attracts largest SSA book since Feb ◆ Issuer follows usual pattern ◆ Strong macro, interesting RV
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◆ QTC inaugural deal could 'open doors' ◆ Bank treasuries supporting 0% RW names ◆ NWB opts for sterling alongside CAF
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More than $30bn raised as banks turn to primary market after quarterly earnings announced
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◆ Bankers debate new issue premiums ◆ Basis less favourable for reverse Yankees after US jitters ◆ European national champion still awaited
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Americas CEO Stefan Simon to leave for personal reasons
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Wendel received €750m of cash up front, about 86% of shares’ pre-trade value
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Trade set to price at 5.4% discount as Wendel reduces stake
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Citi, HSBC, Morgan Stanley and RBC will pay fines, Deutsche gained immunity