Currencies

◆ Outcome supported by earnings and market sentiment ◆DNB completes half of its SNP funding need with single digit NIP ◆ Beneficial timing

Issuer attracts over $11bn in demand after last issuing a similar deal in 2018

◆ TD unearths demand for popular FRN ◆ Canadian banks the largest floating rate funders in euros this year ◆ FRN volumes hit five year high

Issuer strikes lonely figure in Europe's high grade corporate bond market

While it might not be popular with investors, longer dated paper is what covered bond funders need

Issuer hopes the new deal opens doors for longer transactions to come

Issuer has already been active in the currenty earlier in the year

Issuer becomes only one of a handful of SSAs to print a decade dollar deal in 2023

◆ Longest tranche carries lowest yield ◆ Strong duration bid fuels 15 year print ◆ Investors looking to balance out holding compared to SBI benchmark

◆ Spanish lender captures strong demand despite last week's rates volatility ◆ Investors get opportunity to 'jump' into rare long end tranche ◆ Despite big demand other issuers are 'very cautious'

Already bruised sectors can expect more spread widening

Long-dated bonds to be tapped and issued, Greece mounts tender offer