EMEA

Funding follows National Wealth Fund investment

◆ Are investment bank bonuses going up this year, and when does everyone get paid? ◆ How the UK government's 'binary' Budget is affecting bank bond issuers ◆ Legal pressure builds on MDBs to reassess climate impact

Books were still healthy even after plenty of dropouts

The trade was priced tight and achieved an impressive outcome, thought one observer

Bankers say Budget may determine if FIG issuers print in sterling through December or hold off until January

◆ €500m 6NC5 senior priced at 90bp over mid-swaps ◆ Concession debated ◆ Rounds out a successful year for Greek banks

◆ Book peaks at almost four times covered ◆ No worries over repeat visits ◆ Chorus offers rare Kiwi corporate paper

◆ Final book under €800m ◆ 'Low single digit concession' ◆ 'Trickier' for German LBs in senior than covered

◆ New issue premium estimated ◆ Partial pre-funding ◆ Baden-Wuerttemberg 'through fair value'

More subordinated bonds have come from CEE this week than in all of 2024

Books were more than three times the deal's $1bn size, although orders did leave

◆BPCE seizes moment in 'very volatile' market ◆ Book supports larger £400m size ◆ Fair value debated