EMEA

◆ €250m deal went better than expected ◆ Spread to KfW key to pricing ◆ Land NRW sustainability next

◆ Bromford Flagship gets big response ◆ Gilts market goes haywire as bookbuilding ends ◆ Borrower walks away with four times oversubscription

Big moves from guidance, small concessions paid

◆ First deal since Crelan/AXA Bank Belgium merger ◆ No premium paid ◆ Capped size allows for focus on price

◆ Large demand leads to large print ◆ Early momentum in quality book ◆ 'Everything flying' but spread to swaps also attracts

◆ 'Really good' spread to KfW ◆ More German issuance to come ◆ Two-step tightening but no attrition

◆ French company out for four and 20 year bonds ◆ High demand split evenly between them ◆ Both tranches tighten by 42bp during bookbuilding

'Abundant' liquidity to put downward pressure on pricing, say bankers

◆ New chapter in Greek banks' rehabilitation story ◆ Issuer 'reprices' Greek banks' short end curve due to huge demand from buyers of established FIG debt ◆ Deal reconfirms appetite for higher spread products

Books over $1.6bn, but investor questions start point

Romgaz trades flat to Romania's sovereign

Deal expected to be among the last before summer slowdown with volatility tipped to threaten primary market