Banks

Early exit from blackout brings first mover advantage, as Swiss market shows it can offer size

◆ Deal priced tight by a number of metrics ◆ Hefty oversubscription shows robust demand for FIG capital ◆ Trade clears flat to fair value compared with 10bp-15bp NIP for senior preferred at start of January

London-listed business closes syndication on acquisition finance

Joint Lander #64 and Eurofima take euros while EBRD goes for sterling

Selling NatWest shares on the cheap to retail investors risks political controversy and won’t boost interest in the UK’s downtrodden equity market

A pair of German development banks also brought new issues on Tuesday

The multilateral lender is set to take $750m from a new type of product for SSAs

Finanzagentur offers 2bp premium for investors with a 5bp concession for Greece

Bankers disagree about whether fatigue for 10 year deals is growing

◆ German issuer's new deal fits within the 20bp-25bp differential for SP and SNP bonds of tight European FIG names ◆ Tenor matches investors' and issuers' 'sweet spot' ◆ Majority sold in Germany where DekaBank enjoys strong name recognition

Pair of loans with support from Bpifrance, AfDB and IsDB offer two ways to raise capital

EIB to test 15 year demand as agencies eye euros and dollars