Currencies

Swedish issuer bags largest ever print in single currency with first syndication of 2024

◆ Deterioration in market sentiment but Handelsbanken prices close to fair value, and even inside by some estimates ◆ CRE exposures under microscope ◆ Strong earnings, comfortable capitalisation assure investors

US companies slash spreads as good mood in euros persists

International accounts swell orders up to €2.5bn as spread lands below 70bp

Primary activity is set to ease into next week as Lunar New Year holidays take place

Issuer pushes spread tighter than recent deals from peers

Push for long end debt appears to be dwindling

Rival bankers suggest €1.25bn book size ‘quite modest’

◆ Swiss bank launches sale into hot demand for bank capital ◆ CS AT1 wipe-out drives need to issue ◆ Final demand around $12bn

Dutch agency prints first 'true SSA deal' in Swiss market for some time, but further foreign public issuance unlikely

Luxembourg-based supra leads Tuesday’s deals as EDC and Land NRW also enter market

Investor demand for 10 year covered bonds expected to lead to 'positive outcome' for LBBW deal