Currencies

Debutants urged to have a ball in red hot covered bond market

An €8bn book for its debut hybrid puts company in strong position ahead of rights issue

‘All stars aligned’ for the sovereign to serve up third deal of 2024

◆ Bookrunners take ‘careful approach’ for Aareal’s inaugural green SNP ◆ Reception for German bank with CRE exposure ‘very good for market’ ◆ Fixed format chosen over FRN due to credit rating

Rare Italian issuer attracts strong interest from private banks, while Crédit Agricole scores a hat trick

◆ Austrian lender more than fives times subscribed as swathe of deals priced... ◆ ... from tight Nordic names... ◆ ... to Italy’s ‘different animal’

Pandora, Grenke, Hochtief and Philips join the scrum

Air Liquide, Enexis and Mondi slide through busy day with negligible premiums

◆ Books show high demand for major banks' debt capital ◆ DNB saves with annual coupon pricing ◆ Barclays takes out €1.5bn at 5bp-10bp NIP

The largest order came from an account new to the name

German lender has not publicly issued Australian dollar debt since 2019

Tokyo also made an appearance in dollar market with fixed rate deal