Banks

Italy takes €15bn from dual tranche sale as bankers advise borrowers to keep going

◆ Vast interest for FIG debt capital as investors make €15bn of orders ◆ Periphery tier one and two deals prove very popular ◆ Arkéa struggles to attract interest and pulls 12 year tier two

Scarcity and 'clever tenors' deliver €7.2bn book for ABN as 'pragmaticism' secures €1bn for Santander

At least one issuer is eyeing 10 years and more Austrian banks are expected

◆ Second French bank deal in sterling in less than a week ◆ Issuer attracts £1bn-plus book due to lack of FIG supply in the currency ◆ OSB prepares senior return after September debut

Supply rush set to continue as seven issuers, including sovereigns, ready trades

◆ Market reaches new equilibrium after swift spread widening last week ◆ Issuers pay 5bp-15bp of NIP on the day ◆ Long end especially popular as 10 year deals account for half of senior volume

More issuers have priced sterling bonds against swaps than Gilts so far this year

BPCE, Mediobanca and BayernLB all delivered on mandates revealed last week

Issuer lands $11bn demand for first dollar outing and sells biggest sterling SSA for two years

Demand outlook 'optimistic' as supra brings fifth sterling benchmark for the market this week

Mediobanca, BayernLB, BPCE reserve primary market spots as others are expected to bring a deluge of issuance next week