Euro
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◆ ALD expands after buying LeasePlan ◆ New deal dwarfs previous issues from either company ◆ Investors show support with €2.8bn of orders -
◆ Deteriorating market conditions made worse by investors demanding higher premium ◆ 'Wise' decision to print after two days of calls ◆ Shawbrook sells private placement-like tier two in sterling
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Wienerberger makes SLB debut for €350m
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A longer break before the January rush kicks in may be what the SSA market needs
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◆ SocGen is still majority owner but no longer has full ownership ◆ Deal will be two and five year senior preferred
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UK exchange prints €1.4bn in largest corporate deal of the day
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◆ Pent-up demand supports issuer set to regain IG ◆ Concession was 0bp-10bp, below what eurozone periphery smaller issuers have paid ◆ BayernLB chooses extra day of marketing for tier two
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Second busy day hints at strong end to September corporate issuance
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KfW finds investors reluctant to pay a greenium
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Orderbooks almost 20% higher than yearly average
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◆ ING raises €1.75bn from first opco issue for four years ◆ Rare deals meet good investor response ◆ Bid is much stronger for shorter tenors
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KfW's long seven year in SSA market could indicate whether covered deals too could extend beyond five years
