Currencies

◆ Sovereign takes home another €13bn syndication ◆ Growing demand for public sector bonds confirmed again ◆ Little new issue premium paid

◆ Third dollar deal in three years from the Nordic sovereign ◆ 'Ten year is the new five year' in dollars ◆ Recent World Bank bond a key comparable for pricing

◆ Gecina brings no-grow €500m green bond ◆ Green issuance volumes rise 37% year on year ◆ Carrefour pays small concession on €750m trade

◆ Issuer pre-empts busy pipeline ◆ NIP estimated ◆ 'Very large' bank treasury among new buyers

◆ Italian utility prints no-grow €500m six year ◆ Final demand fell 41.7% from peak ◆ Deal landed close to fair value

◆ Spanish lender prints larger bond at a tighter spread than state-owned French peer ◆ Rarer in the non-preferred asset class than La Banque Postale ◆ Bankinter's deal also a green bond

◆ Italian bank's first benchmark euro trade since 2023 ◆ 40% of orders withdrawn after price revision ◆ Heavy interest from ESG accounts

◆ Insurance companies go head-to head in 'constructive' window ◆ Axa pays small premium ◆ Generali focuses on tight pricing

Issuers squeeze into Tuesday-Wednesday window as fruitful May nears its end

◆ UK telecom sells eight year bond ◆ Peak demand tops over €3.4bn ◆ More corporate issuers piling up euro deals this week

May has been busy for euro corporate bond issuers

Investors overlook short-term oil uncertainty in favour of a long-term view on the sector