Currencies

Jun Dumolard, head of funding and investor relations at EFSF, discusses the institution's recent euro seven year trade

◆ Lead managers propped up order book ◆ Spread to other Länder 'needed more buffer' ◆ Limited read across to other SSA deals

◆ Small premium left for investors ◆ Final yield close to 4% 'inflection point' ◆ Rabo adds to senior green rush

◆ Window was 'most important part of transaction' ◆ Fair value estimated ◆ Amount of spread tightening 'become more common'

◆ Second public euro deal for Volvo this year ◆ Demand stays firm through pricing ◆ Small new issue premium spotted

◆ Large order book ◆ Flat to CDC pricing ◆ More SSA issuance expected on Wednesday

◆ High portion of international investors ◆ New issue premium paid ◆ Spread to KfW tighter

◆ Swedish bank tightened spread by 28bp ◆ LF Bank opted for the €500m no-grow format ◆ Bonds offered 2bp of new issue premium, an expert said

◆ New issue premium estimated ◆ One investor type dominates ◆ Performance expected

◆ First hybrid from Belgian utility since 2023 ◆ Size rises by €400m from benchmark ◆ Final book shrinks sharply by allocations

◆ Greek bank tightened spread by 25bp ◆ One of two green bonds sold on Tuesday ◆ Green label creates 'stickier' order book, says banker

◆ Shawbrook targets AT1 refi as LV eyes tier two ◆ Deals follow Santander's display of understanding of major UK investors' thinking, says lead ◆ Locks in big size with premium to new euro issuance