Currencies

Issuer sees use-of-proceeds label as 'perfect tool' to beef up its support to defence sector

◆ Investors gulp down Heineken's second euro deal in two months ◆ Slim premiums needed ◆ Books fall as LSEG and OMV price tight

◆ Second euro outing for Alphabet after April debut ◆ Spread tightened sharply across tranches ◆ Colgate brings €650m trade

◆ ING's €1bn deal top €3.4bn in orders ◆ Bank of Ireland prints tightest Irish senior since 2021 ◆ 'Very little NIP' on either trade

Ludwigsburg eyes duration, while MBH plans 'classic club' deal

◆ French bank's insurance arm is a very rare issuer in the open market ◆ New RT1 is a public deal but done as a 'restricted placement' ◆ Refinances a call on €1bn tier one from 11 years ago

Issuers are keen to lock in tighter levels before chancellor Rachel Reeves' big announcement

UK bank trio stands out in heavy Yankee onslaught either side of Fed meeting

Foreigners' love of Swiss francs presents an unlikely opening for overseas borrowers

ESG deals show there is more to labels than just saving on spread

EFSF and EU have deals to come but 2026 conversations have already started, with long end yields in focus

◆ Popular Adidas more than four times covered at peak ◆ Investors leap at rare deal ◆ Tight top quality credits used for pricing