French agencies thrive in bond market despite skinny OAT spreads

Addison Gong

May 16, 2024 10:02 pm

Fans during the Formula 1 Lenovo Grand Prix de France, French Grand Prix 2022, 12th round of the 2022 FIA Formula One World Championship from July 22 to 24, 2022 on the Circuit Paul Ricard, in Le Castellet, France - Photo: Antonin Vincent / Dppi/DPPI/Live

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Addison Gong

SSA editor GlobalCapital

Corporate Bonds

Engie green hybrid powers through French political turmoil

◆ Engie draws strong demand despite more chaos in French government ◆ Deal lands at or through fair value ◆ Eurogrid joins EuGB cohort with €1.1bn deal

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Senior Debt

Swedebank's €750m seven year expands green senior issuance

◆ Issuer prints new green bond as French government teeters on collapse ◆ Deal comes tighter than shorter SNP green bond from March ◆ Latest trade in a recent Nordic senior series

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Covered Bond Deal Reviews

CIBC lands tight euro covered despite French political uncertainty

◆ Canadian lender sticks to the plan despite rates volatility ◆ Deal lands close to fair value ◆ Tenor chosen to avoid comparison with Aussies

Frank Jackman, October 06, 2025
SSA

British Columbia on favouring long bonds and building out its curve

◆ New investors after European roadshows ◆ Issuer receives 'a lot of attention' from dealers ◆ Achieving liquidity and competitive pricing in swaps important

Sarah Ainsworth, October 06, 2025
High grade and crossover bonds

Tight Tesco trade demonstrates healthy book attrition

◆ Demand falls as deal prices flat to fair value ◆ Quality sticks despite tight price ◆ Euros 'more efficient' than sterling

Frank Jackman, October 06, 2025
Supras and agencies

EU stands up to fresh French political test with dual-tranche mandate

Issuer to price seven year tap and new 15 year line as France loses its prime minister, again

Addison Gong, October 06, 2025