Euro

◆ Three year deal to tap into demand for the tenor ◆ Trade is Argenta’s second green covered this year ◆ Bond pre-empts upcoming RMBS redemption

◆ Deal is DZ's first public sector trade of the year ◆ Domestic demand to support deal ◆ Tenor matches cover pool funding need

◆ Dutch lender prints in receptive market for smaller issuers ◆ Buyers have returned its bonds after August sell-off ◆ Single digit new issue premium

◆ ESG accounts provide early orders ◆ Granular treasury accounts fill up book ◆ Deal comes close to fair value

◆ Portuguese lender attracts 'absolute' spread buyers ◆ Pricing seen flat if not inside fair value ◆ Appetite for 'underweight' Portuguese risk helps

◆ Eleventh sustainability bond helps issuer close in on funding target ◆ Twice covered book signals steadier euro market ◆ Supply slowdown is "creeping in"

Acquisitive Informa, TDF Infra and Würth join the ranks looking for funding

Issuer-friendly mismatch in supply and demand masks the difficulty of timing the market

Bloc prices another blockbuster after launching repo facility as it adapts to shifting relative value in pursuit of sovereign status

Wide SSA spreads and stale secondary levels are pushing out covered spreads and NIPs

◆ Only €5bn left of €80bn funding task ◆ Dollars and smaller currencies on the menu ◆ ‘Right demand, right product, right time’

◆ Pricing over size prioritised... ◆ ... but likely not at the initial stage ◆ Elevated concession, albeit not the main measure of FRNs' attractiveness, suggests limits to investor demand