Euro
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◆ Final books not disclosed ◆ Small premium paid for tight trade ◆ Some investors face line limits
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◆ BNP Paribas readies first covered of 2024 ◆ French firm appoints 12 bookrunners ◆ MunHyp to benefit from reshaped yield curve
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◆ French issuer ends year-long absence ◆ Pricing was inside fair value ◆ Triple-digit spread over swaps
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Company has not drawn back up line once in almost two decades
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◆ 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
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Loan is linked to emissions reductions
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Italian company receives more than five times demand for short deal
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Market participants to unleash issuance across the capital structure in second half of November
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November issuance not a given, with focus turning towards January instead
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European corporate bond issuers that still have deals to do can relax a little
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Volumes expected to peter out, to the chagrin of investors
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Issuers may need to offer wider spreads with volatile execution conditions set to continue