Banks

Sovereign achieved ‘significant milestone’ but market participants hope to see more

◆ Dutch bank takes €1.5bn at four years ◆ Little resistance to pricing through 20bp ◆ Sticky book allows for tight final level

◆ Second SP deal from SEB this year... ◆... becomes longest point on its euro curve ◆ Some concession left as 'the right compromise'

No dedicated head for business in MidEast

◆ New senior non-preferred bond comes a month after defence-labelled senior preferred ◆ Improved sentiment towards new French government ◆ Danske Bank finds 'strong' appetite for tight FRN

◆ Maybank gathers sticky, high quality demand ◆ No premium needed ◆ Prima prices tight

◆ Both issuers lift more than they typically issue in senior debt ◆ Larger sizes warrant higher concessions ◆ NordLB adds call, CCDJ extends duration

◆ Post-Seville conference pipeline builds ◆ Traffic jam possible but ample liquidity is there ◆ Kookmin takes €600m at four years

Iles and Poensgen step up

UK banker will take on bigger market

Italy’s top independent investment bank must try to survive inside Monte dei Paschi

◆ New deal becomes longest issued by a Canadian bank since 2020 in both euros and sterling ◆ Provides clear arb to US dollars ◆ Bolsters TD's funding spree in Aussie, Canadian and US dollars