Currencies
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Oilfield services company readies four-tranche Reverse Yankee -
Primary issuance conditions were looking great before latest Middle East war brought uncertainty
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Elevated NIPs not to be uniform, with some sectors set to pay more than others
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French bank retains overall top spot in euro market, Crédit Agricole leads in senior and JP Morgan in third-party capital sales
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Hatzinger had been Agricole's head of loans for Dach
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◆ Popular 30 year 'especially good' for confidence ◆ No elevated NIPs required despite Middle East war ◆ Execution flexibility for long end tranche
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Quick insurance trade lands close to fair value, through equivalent dollar levels
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Conservative tenors likely to be in demand when issuance resumes
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German promotional bank ventures into primary market with no-grow deal
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◆ Syndication 'uneventful' despite volatile backdrop ◆ Investor duration bid 'not guaranteed' amid risk aversion ◆ Guidance 'could start tighter' on next green deal
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Norinchukin Bank markets dollar Global, but new deal's effects on European market are uncertain
