Currencies

Foreign bank quartet goes big in senior and capital issuance ahead of US bank earnings

Issuer adjusts pricing strategy after market volatility spikes following collapse of US-Iran ceasefire

◆ Issuer leaves concession on the table to secure top accounts ◆ Pricing versus AFD deal ◆ Official institutions hold French agency spreads at the tights

◆ Sven Wabbels reveals four dimensions behind dual tranche call ◆ Seven year restraint as 1bp for four years more risk ◆ Pricing through Treasuries 'not a goal'

◆ Minimal attrition ◆ Follows last week's deal from Italian public issuer Istituto per il Credito Sportivo ◆ Priced flat to fair value

◆ Mileway debuts in euros with €1.5bn dual tranche ◆ European Outlet Mall Venture and Vesteda print green bonds ◆ Borrowers return as sector refinancing cycle turns back to unsecured debt

Valentino opts for euro FRN, while Iberdrola looks to offshore renminbi

◆ US bank garners new milestones after more than two years away ◆ Issues during a weaker day ◆ Pays higher spread and concession to larger US peers

◆ Debut seven year priced through issuer's dollar curve, leads say ◆ Green label and no-grow size steady IFC through selloff ◆ Rival banker questions wisdom of July inaugural

◆ Steep government curve means investors need less spread on top ◆ French spreads widen, but AFD tightens ◆ Fair value 'a fluid concept' on inverted curve

◆ Early order book built before Middle East risk returned ◆ Seven year spread held steady as 'insurance' against volatility ◆ Format chosen to avoid straining 'finite pool of liquidity'

◆ Issuer brings another pre-summer deal to fund enlarged programme ◆ Tightening possible despite weakened backdrop ◆ Book not huge but quality 'extremely high', spreads 'decent' to KfW and Land NRW