EMEA

Head of capital markets made permanent chief

The real estate firm's only sukuk has traded well since issued in February

The tenor may be 'unusual' but the sovereign did not 'have much choice'

Trade will test investor appetite for longer dated bonds, said one banker

‘Brave’ choice to tap the 30 year part of curve but both tranches proved a hit

Issuers are ‘in the mood to wait’ until after the Olympics and until there is clarity on the next government

Issuers both land big books as market quickly shrugs off French election volatility

More issuers, possibly including French SSAs, are geared up to tap primary this week

Silfin also lines up a deal as French politics opens primary market wide

◆ Market takes surprise election results in stride ◆ Insurance companies leading with plans to raise deeply subordinated debt ◆ Bank capital and senior deals in euros and dollars also on the cards

◆ MPS to launch a new covered format ◆ Infrequent and higher yielding issuer suggests market is 'stable and open' after French elections ◆ A 'few other' covereds are in the pipeline

Saudi Arabia is the only other Gulf sovereign to have raised in euros