EMEA
-
The country plans to raise more than it ever has before on overseas markets -
-
◆ Deal seven times covered ◆ No premium paid to fair value or govvies ◆ French investors unsure on OAT spread, others happy to buy
-
French grocer has smooth outing as eyes turn towards Trump inauguration
-
New dollar social deal stands out from the crowd
-
New banks join borrowing base and term loan
-
Issuance will quieten in the next two weeks after a busy start to 2025
-
German agency is now about 25% funded, and with greater currency diversification compared to last January
-
January volume spike makes no dent in mountain of cash investors are sitting on
-
◆ Austrian issuer ‘monetised’ recent bonds’ performance ◆ Spread to KfW smaller than usual ◆ Book was of top quality
-
◆ Deal prices near fair value ◆ Minimal attrition in order book ◆ Asset managers assessing AT1s versus senior paper and equity
-
◆ Danish lender raises €2.25bn of bail-in debt in one go ◆ Offers visible premium to lure investors for its acquisition funding of Spar Nord Bank ◆ Issuance strategy positively deviates from the past
