EMEA
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◆ Scotia unearths arbitrage and a greenium in Swissies ◆ Label fuels demand among asset managers for inaugural note ◆ Aktia eyes Swiss franc debut of its own
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The bank was encouraged by a Turkish peer’s trade that priced the previous day
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German medical glassware maker launched the first major European IPO since early July
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Concessions remain constrained, but oversubscriptions are unspectacular
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Landesbank Berlin's Pfandbrief was not received as well
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◆ Belfius attracts attention with its joint largest senior deal at 10bp NIP ◆ Now lower tier banks 'don't have to be a hero' to issue ◆ Cajamar debuts in green
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Issuer brings multicurrency deal that found ample demand in the long end of the sterling curve
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◆ Austrian lender saves with early tier two refi ◆ Others could follow into 'wide open' AT1 market ◆ Generali's popular tier two bullet shoots through fair value
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A successful trade is 'pretty vital' for other Turkish banks planning to issue
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Investors are keen for new issues, but they will be more selective than earlier in the year
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Telecoms company prices through conventional curve as interest in SLBs picks up