Currencies

◆ Head of treasury says Arion tender offer was to ‘incentivise’ investors into new deal… ◆ …which is larger and has a lower spread

Bankers more interested in the central bank's hints about future rate path than the size of the first cut

First bank deal from the country since a spate of brutal restructurings at other banks in 2009

Development bank takes advantage of basis swap for public conventional Swiss bond

◆ US election jitters prompt early final trade ◆ Issuer pays 'appropriate' NIP ◆ Possible pre-funding for 2025 via private placements

◆ Eurobank’s senior green debut becomes largest Greek bank bond in recent memory ◆ After peer Piraeus issued biggest capital deal at lowest yield ◆ Deals priced versus swaps on the back of improved investor perception

Uncertainty about the size of the impending rate cut made defensive maturities the 'right choice'

◆ Deal to be the bank's largest in euros so far ◆ Low to mid 30s price 'reasonable' ◆ Issuer met with over 50 investors

◆ UniCredit-Commerzbank news unlikely to have an impact ◆ Fair value thoughts revealed ◆ Deal to be priced on Wednesday

Logistics REIT ups term loan to £140m in refi to pay for acquisitions

◆ Dual-tranche approach ◆ Demand skewed towards longest piece ◆ Pricing ‘impressive’

◆ Greek bank meets investors ahead of senior preferred trade ◆ Comes amid positive macro backdrop ◆ Arion prepares dollar AT1 refi