Banks

◆ Duo print €3.25bn after recent deals wobble ◆ Wider pricing attracts attention and allows tightening ◆ Weaker credit market affects reoffer levels

Mexican lender falls short of bond size target as late 2023 momentum fades

EIB book ‘set to be an all-time record’ for an SSA issuer in the currency

A slowdown in supply is expected amid 'trickier' backdrop

SBI’s deal is once again doubled due to oversubscription

German issuer raised a whopping €9bn while two other SSAs together grabbed €2.5bn

The two deals are priced off different benchmarks

Bankers away from deal voiced concerns over level of orders

◆ Two banks print €2bn on the back of almost €5.5bn combined demand ◆ Investors keen to pick up yield through subordinated debt ◆ All this, despite tier two paper trading tighter than a year ago

◆ Issuer drives down yield by more than 200bp tighter than where other European national champions printed three months ago ◆ But this means smaller book that raises performance questions

KfW announces ‘rather unusual’ euro dual trancher after revealing large programme last month

There should be a busy start to the new year, but falling rates and widening spreads might spoil the party