Euro

◆ Rarity, tenor and size fuel demand ◆ Big book and dozen dealers make allocations tricky ◆ Next to nothing paid in premium

◆ Issuer avoids pushing already tight deal too tight ◆ Single digit premium paid ◆ Green German supply ahead of 2023 year to date

There have been net outflows from European IG credit during just three weeks this year

◆ €500m no-grow deal over three times covered ◆ Only 1bp premium paid ◆ Deal finishes CFF's funding for the year

◆ Strong market can absorb unsecured bonds from rare issuers ◆ Coventry offering first deal in more than a decade ◆ BFF to issue senior bond after providing amended financial statement to Bank of Italy

Company hits the bond market days after announcing organisational restructure

◆ Final books not disclosed ◆ Small premium paid for tight trade ◆ Some investors face line limits

◆ BNP Paribas readies first covered of 2024 ◆ French firm appoints 12 bookrunners ◆ MunHyp to benefit from reshaped yield curve

◆ French issuer ends year-long absence ◆ Pricing was inside fair value ◆ Triple-digit spread over swaps

Company has not drawn back up line once in almost two decades

◆ Nordea swiftly prints tight senior non-preferred a day after earnings ◆ Arkéa stretches even longer as it takes 10 year senior preferred funding ◆ Healthy books of €2bn each show conducive market

Loan is linked to emissions reductions