EMEA
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Governments on the continent face a tricky time balancing needs of population with demands of overseas lenders
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◆ Rapid bookbuild ◆ Investors ‘don’t care’ as issuer pays negligible concession ◆ Tenor maximises Bund spread
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Spread pressure will rise as earnings return to growth for the first time in five quarters
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Third step of Clariane's four-legged debt restructuring plan was 1.67 times oversubscribed
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Market expected to shut after Wednesday as UK elections and US holiday loom
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◆ Austrian lender nearly four times covered ◆ Bankers question whether the deal started wide despite double digit tightening
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Investors are cautious but the deal is “a good test" of the current environment
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As supply becomes scarcer, it will be easier for companies to sell dirty debt as green
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Travel company’s shares have ceased trading in London, as exchange keeps losing stocks
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◆ Investors flock to short dated green trade ◆ German lender unearths greenium ◆ Wave of supply not expected despite strong outcome
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Deal seven times subscribed, 90bp wide of same-rated Heineken
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Polish development bank bats aside oversupply concerns