Currencies

◆ Bankers say deal was postponed ◆ Book covers size four times ◆ 'Safety first' in current environment

◆ French bank’s insurance arm completes first tier one print less than a month after parent bank’s AT1 ◆ Deal offers heightened premium ◆ Outcome amid volatility deemed ‘pretty decent’ by rival

The Italian payments company has maturities coming due in 2026 and 2027

◆ Established investor base ◆ Premium debated ◆ Size of attrition surprises some

◆ Sterling still open for business ◆ Slight preference for longer tranche ◆ Wessex Water next up

◆ New five year bigger than planned ◆ New dollar book record for sovereign ◆ Rare but regular issuer, 'a pleasure' of a deal

◆ Risk sentiment extends nosedive ◆ Corporate issuers shrug it off, paying small to negative new issue concessions ◆ Orders remain sticky

◆ Fair value calcs far from straightforward ◆ Largest book for index-linked Gilt offering ◆ Less index-linked issuance in 2025-26?

Pfandbrief split across four tranches spanning 3.4 to 23.6 years

◆ New 10 year launched in big size ◆ 2bp premium paid, ‘business as usual’ ◆ Will the deal open the floodgates for euro SSA deals?

As US exceptionalism wavers, corporate bonds become the haven for bruised money

◆ Deeply subordinated issuance shows resilience ◆ Bank of Ireland completes AT1 funding but tightening brings ◆ Crédit Agricole's insurance arm plans debut RT1