Achmea Bank
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◆ Dutch issuer has raised €1.5bn in three trades ◆ Deal priced near fair value ◆ Trade timed to avoid French political volatility -
◆ Deal is Achmea's second in five weeks ◆ Investors eager to pick up no-grow deal ◆ Small premium left for performance
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◆ Dutch bank pays slim premium ◆ Defensive trade ticks several boxes ◆ Three to five years 'a sweet spot' for investors and issuers
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◆ 'Dark clouds' fail to hinder demand ◆ Bankers debate fair value ◆ More senior deals expected this week
