EMEA
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◆ Couche-Tard and Louis Dreyfus line up seven year trades ◆ Roquette adds to hybrid queue ◆ Corporate pipeline swells, execution dependent on a shaky backdrop
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French agency remains ahead of the curve in its third biggest year for fundraising, may bring another trade before summer
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The unlocking of frozen EU funding will be a big boost to the country
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◆ Intraday trade, quick execution ◆ Deal came ahead of Moody’s France review ◆ ‘Good window’ also considering OAT auctions next week
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◆ Japanese telco brings deal after two day roadshow ◆ Shorter tranche leads demand ◆ Italgas pushes through with €750m six year
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Nigeria plans a total return swap, following peers on the continent in the last 12 months
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Iran ceasefire rally could draw out more issuance before expected May rush
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Even if ceasefire succeeds, investors will still want a risk premium
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Middle East turmoil is giving Asia-Pacific corporate borrowers another reason to look west
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◆ Minimal premium paid ◆ Size at top of range ◆ Issuer seizes upon stability
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◆ 'Cautious' start say some market participants ◆ New issue premium debated ◆ Price and size praised by rivals
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◆ General Mills debuts €1.7bn Reverse Yankee hybrids ◆ Engie raises €2.06bn-equivalent across euros and sterling ◆ Sub/senior spreads stay modest on Engie's euro tranches