EMEA

◆ French bank returns after January amid scarcity for senior debt ◆ Investors like what they see as there is no book attrition ◆ Seven year tenor lures broader appetite

◆ Pair of real estate borrowers print four euro tranches ◆ Vonovia draws strongest demand on shortest leg of €2bn three-part trade ◆ Realty Income pays small concession on €600m outing

Mashreq will add to a steady drip of AT1 from the Gulf

The price of Turkey's sukuk from last week has risen on secondary

Offshore issuance in the currency running at nearly double last year’s pace

UK government can find direction by being determined on defence and green growth

◆ State’s pre-summer deal attracts €2bn book ◆ Maybe only one more deal to come on reduced needs ◆ 2bp NIP to start as issuer tries to ‘be fair to the market’

◆ Pair more than 3.5 times covered at final terms ◆ Suez lands flat, Air France pays up ◆ Airline paper performs in secondary

◆ French issuer prints two year floater and 7.4 year bond ◆ 'Tightest' pricing on a FRN since US-Iran war began ◆ No concession needed to print

◆ French utility returns a week after A$1.25bn debut ◆ Six year tranche pulls stronger demand than 12 year ◆ Both legs land close to fair value

Nine banks chosen to run £1.5bn borrowing programme

Head of funding Jochen Schader says strong promotional lending has pushed the 2026 target above €15bn, as the agency caps its dollar programme before the summer