Banks

Promotion after strong gains in corporates and MTNs

◆ La Banque Postale increased size during execution ◆ French bank’s first covered since October 2025 ◆ French bond was only covered bond priced on Friday

Lamarque is one of the architects of modern European bond syndication, said one colleague

Classic January new issue volumes as barely there premiums come into vogue but US banks threaten to crowd out Europeans

Market participants doubt primary market can maintain its rapid pace

Four out of the six major money center banks boost new year issuance volume at tight spreads

With Sergio Ermotti set to step down as group CEO, chairman Colm Kelleher favours an orderly, internal succession. But in a critical year for the bank, there could be turbulence ahead

◆ Italian bank increased benchmark size to €750m ◆ Deal expected to perform in secondary ◆ Covered was one of two issued on Thursday

◆ Six year bond trades lower in secondary market ◆ Deal a first for Slovakia, says banker ◆ MPS closes its first covered of 2026

◆ Largest book of the week for a euro tier two ◆ Priced flat to fair value ◆ 'Sensible' pricing, rival banker says

◆ Second French FIG sterling deal of the week spotted pricing inside euros ◆ Fourth currency of the year for BFCM ◆ Crédit Agricole marketing Samurai after printing in multiple other markets

◆ Book drops most pronounced in tier two market ◆ Erste lands new deal at fair value even after losing half its orders ◆ Commerz suffers due to marginal premium