Euro

◆ Issuer outmaneuvers worsening market to meet funding targets ◆ Trade leaves premium to compensate for heightened volatility ◆ Spread is BoI's tightest senior funding since 2021

Sovereign keeps funding guidance unchanged for 2026 but warns against 'adverse effects on growth'

Extra yield pick-up kept the bid firm for both formats in private placements

◆ Deal brings 'confidence' to euro FIG market as it pulls in large, attrition-free demand ◆ Regular holdco tranche and 'super rare beast' opco provide diverse entry points ◆ Japanese bank's largest euro deal follows $5bn Yankee record in January

Director in the team leaving

◆ Corporate issuer repositioned as SSA ◆ Spread to Dutch govvie a primary focus ◆ 'Extremely high quality book' supports tighter pricing

◆ Deal gets broad interest despite sub-benchmark size ◆ Finnish bank prints amid high volatility and constrained issuance timing ◆ First euro FIG capital deal in a month

◆ French food group raises €1.2bn and £350m in both currencies ◆ Deal follows Huel acquisition ◆ Danfoss returns with €700m deal after three years away

◆ Issuer tightens spread by 4bp ◆ Stronger opening on Wednesday paved way for covered ◆ Deal offered some new issue premium

◆ Bond the first EuGB covered ◆ Danish issuer tightens spread by 5bp ◆ Issue offers next to no concession

◆ 'Accelerated execution' due to market uncertainty ◆ Popular deal spotted close to fair value ◆ Momentum accounts 'less active'

◆ US connector producer brings five year deal ◆ Books peak above €4bn and stay firm ◆ Corporate supply slows as volatility keeps issuers on the sidelines