Currencies

◆ German bank's first sterling senior note in almost four years ◆ Premium paid ◆ Valuations 'quite squeezed' in wider sterling market

◆ Debut deal follows similar private placement ◆ New deal prices tighter than the PP sold three months earlier ◆ 'Good timing' for debut offerings

Oversubscribed loan adds $800m of liquidity

◆ UK ports operator extends sterling run ◆ Orderbook remains sticky despite tighter spread ◆ Negative new issue premium

◆ Largest CEE deal since 2013 ◆ Issuer ends five year absence with tight print ◆ No concerns over French parent

◆ Three year maturity shorter than recent deals ◆ Tightest yet versus USTs ◆ Record breaking book for Canadian issuer

◆ Orders swell despite lack of new issue premium ◆ 'Severe shortage' of deals ◆ Nationwide 'optimises' its tier two capital

◆ Smaller Italian bank has limited name recognition beyond home territory ◆ But strong book thanks to positive sentiment towards country ◆ Wide range of southern European banks used as comps

◆ Deal ASTM's first in euros since 2021◆ Strong demand allows for tight pricing ◆ IG corporate volumes healthy despite market noise

Banks still keen to lend in France amid renewed political uncertainty

◆ Bank of England launches new dollar programme ◆ Choice of five year discussed ◆ Calculating a new issue premium

◆ French woes no trouble for bond behemoth ◆ Another €11bn done, only one syndication left ◆ Fair value remained 'pretty much stable'