Currencies

◆ Deals offer pick-up to KfW ◆ Saxony offers 1bp of new issue premium ◆ BayernLabo prices tight

Encouraging results for trio give confidence to NIB, Council of Europe and IADB to follow on Wednesday

Number of deals set to be priced this month much lower than in previous years

◆ BNPP 'gives the market what it wants' as it raises more with longer, lower ranking tranche ◆ Market receptive to big senior deals ◆ Third French deal in three days

◆ BBB- rated trades come days after investors said they wanted riskier deals ◆ Combined peak demand hits €8.2bn ◆ High orderbook attrition for Aeroporti di Roma’s SLB

The RCF brings PIF-owned lessor aircraft company's immediately available facilities to $2.25bn

Spreads over Treasuries are tight but hope is that ‘others will follow’

◆ Dutch bank pays slim premium ◆ Defensive trade ticks several boxes ◆ Three to five years 'a sweet spot' for investors and issuers

◆ More supply expected this week ◆ Iccrea lands 2bp back of fair value ◆ Issuer's first deal for 11 months

Belgian family company is buying Délifrance and a business from Bunge

◆ Share price has fallen this month ◆ No sign of investor worry in primary bond market ◆ Shorter tranche was more popular

◆ French bank finds window between market reopening and potential heightened new supply next week ◆ Five and 10 year senior preferred tranches its first in euros this year ◆ Longer one outperforms in both demand and pricing