◆ BNPP follows Barclays' lead with A$1bn tier two ◆ Aussie dollar investors 'positioning' into higher yielding debt before rate cuts ◆ Barclays also raises AT1 capital in the region
◆ Norwegian national champion's first unsecured euro deal since July 2023 ◆ Non-preferred green note priced with no premium ◆ Deal helped by ESG label, rarity and high ratings for the asset class
◆ Investors demand higher concession on new tier twos ◆ de Volksbank issues latest euro deal and pays a premium ◆ Tweaks cost metrics to aim at higher profitability
◆ Triple-B rated PBB print stuck at IPTs... ◆... while double-B rated Monte dei Paschi achieves strong outcome ◆ OP Corporate Bank lands flat to fair value
