◆ More than €12bn of interest for popular offering ◆ 'All box-ticking' social leg was expected to do well from the start ◆ 11 year non-call 10 tranche shows duration demand intact
◆ Tightly priced debut deal rides on dual demand for insurance senior and FRN paper ◆ Arb chasing ◆ Has the spread floor been reached for highly rated FRNs?