Currencies
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◆ Demand sticky despite tight spread ◆ Next to no concession offered ◆ Pick-up to SSAs not a concern
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◆ Land NRW and British Columbia eye euros ◆ Rentenbank going for dollars ◆ Too soon to pre-fund?
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‘Long overdue’ upgrades not a surprise, but a relief, market participants say
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Austria makes sovereign signpost after market comeback
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More social deals to come, in dollars or euros
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Italy leads the charge in euros while Cabei debuts healthcare bond
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Spread convergence between EU and non-EU covered bonds will take time, but is expected
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Deal opens door for more foreign FIG regulatory capital raising Down Under
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CBA and Nationwide senior bonds push monthly FIG tally to just shy of $80bn
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Strong captive green demand keeps euro benchmark books sticky
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Less illustrious issuers may struggle to repeat Qatar bank's outcome, and more expensive euro funding would crimp interest
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◆ Insurer sells first RT1 before calling legacy tier one ◆ Priced close to or through fair value ◆ Investors bullish on Italy