Currencies

Parched market anticipates concessions to climb should supply return

◆ Issuers add tier two debt amid lower relative cost to senior layer ◆ Danske Bank prints in euros at no premium as Nordea said to have garnered largest size locally ◆ BNPP, HSBC and Westpac target dollar market

◆ Bankers debate negative premium ◆ Spread could have been pushed further ◆ Fast money still interested in Greek names

La Française des Jeux and Roquette Freres among mandates on screens

◆ Aareal's first covered bond in sterling since 2021 ◆ Comps include euro covered and sterling senior unsecured bonds ◆ Issuer to buy back previous note

◆ Bankers debate premium ◆ Minimal attrition in order book ◆ Domestic buying interest

◆ Netherlands-focused insurer prepares to print first RT1 in its current form ◆ Sentiment for subordinated debt recovers from pre-election volatility ◆ Banorte to issue AT1 in dollars, ANZ raises tier two debt in Singapore

Covered market looks to returning SSA issuance for clarity over swap spread moves

Heavily indebted company expects its yields to fall after next month's regulatory milestone

KfW first to return to the primary market with opportunistic sterling tap

Opportunistic borrowers lining up for what is likely the busiest week left this year

Banks celebrate Trump win amid hopes of looser regulations