◆ Deteriorating market conditions made worse by investors demanding higher premium ◆ 'Wise' decision to print after two days of calls ◆ Shawbrook sells private placement-like tier two in sterling
◆ Pent-up demand supports issuer set to regain IG ◆ Concession was 0bp-10bp, below what eurozone periphery smaller issuers have paid ◆ BayernLB chooses extra day of marketing for tier two
