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◆ Spanish entity hits market with tight, opportunistic trade ◆ Some attrition as deal priced through inflection point ◆ Trade lands through fair value
◆ Second euro social bond this year ◆ Book continued to grow between guidance and allocation ◆ Spread tightens 33bp to land near fair value
When staff complain, they deserve a fair hearing, not a wall of silence
Data
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Primary market outcomes do not reflect the geopolitical reality -
International tension has propelled valuations in the sector up, tempting issuers
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Asian buyers driving callable SSA market have resurfaced in public benchmark deals
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Munich-based company's deal is one of five launched this month
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◆ Trade achieves strong tightening ◆ Investors keen to buy first BPPE deal in four years ◆ Real estate paper popular purchase in 2026
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Big deal joins light supply in January
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