EMEA

Books were nearly four times the deal size, a record €1bn

Five year bond set to be priced much tighter than the development bank's last senior issue

◆ Peak demand tops €3.25bn ◆ Deal lands close to fair value ◆ Credit has improved in recent months

Association of German Pfandbrief Banks bi-annual survey finds members are more cautious going into H2

◆ Investors turning 'price sensitive' lead says ◆ Follows recent heavy supply of tier two ◆ New issue premium debated

◆ Italian issuer pairs two sustainable formats ◆ Trade hits size targets ◆ Tight price tests investors' limits

◆ First deal to release IPTs on busy day ◆ MPS M&A bid had 'no impact' on deal, says lead ◆ Priced flat to fair value

◆ Yield hunters send Orange's book ballooning ◆ Deal lands through fair value ◆ Corporate hybrid supply doubles year-on-year

◆ Fragile US-Iran peace gives risk assets an excuse to rally ◆ Canaries debuts amid clash over Spanish regionals' run ◆ Dollars run dry as borrowers eye late June pre-funding, summer lull

◆ Largest AT1 coverage ratio of the year ◆ Small deal attracts attention on busy day ◆ Negative new issue concession debated

Borrowing costs for Gulf issuers are already falling since Sunday's announcement

◆Highest rated FIG bail-in paper in euros ◆ Prices level with Nordic peer ◆ Premium paid