Banks

Peugeot Invest sells remaining Spie shares at tight discount

◆ Last euro non-preferred issued more than two years ago ◆ Debate on premium paid with leads spotting 'at least' a 5bp concession ◆ Final spread still a tight absolute level

Santander's popular dual tranche deal could spur others to follow, but flood of trades is unlikely

Replacement for Derant Lakoue poached from Standard Bank

◆ Bank treasurer speaks following after debut tier two in euros ◆ Deal reintroduces Polish tier two debt in the public euro market ◆ mBank next plans new SRT and SNP refi

◆ Deal attracts more than €10bn ◆ Rarity of name and jurisdiction fuels demand ◆ No premium needed to take size

Bank goes further than Crédit Ag and SocGen in avoiding regulatory call

Half year FIG issuance, powered by more than 50% Yankees, reaches record $307bn volume

Bulge bracket firms are hiring from each other in a war for talent to woo financial sponsors

◆ Swiss bank issuance is novel for the euro FIG market ◆ Mixes elements of senior and covered FIG debt, and SSA bonds ◆ State-backed deal performs well

Senior management simplified

◆ Positive market backdrop for larger and smaller issuers ◆ Canadian bank taps favourable euro funding at similar level to the US market ◆ Smaller Italian lender Sella crunches spread from a year ago