Euro

◆ Issuer returns after Swiss franc debut on Monday ◆ Spread tightened 40bp–45bp from IPTs ◆ New issue premium debated

◆ 'Strong demand' supported tight execution, DCM banker said ◆ Landeskbank sought to expand international participation ◆ Concession debated

◆ Dutch lender's latest €2.5bn senior holdco follows Aussie domestic senior foray ◆ Comes a day after $1.5bn AT1 and before green RMBS ◆ Demand for senior unsecured assets is strong as ING clears big funding with limited, if any, new issue concession

◆ Issuer's first green benchmark in 2026 ◆ Blended premium estimated ◆ Central bank/official institution allocations 'notable and high' for green label

Bankers insist sustainability-linked loans are here to stay

◆ Sovereign takes plunge into 30 year ◆ Book almost twice that of 2024 deal ◆ Large size, tight NIP, others encouraged

◆ US drinks giant brings jumbo deal across the curve ◆ 12 year tightens the most ◆ Premiums vanish across the tranches

◆ Two triple-Bs hit screens ◆ KPN lands through fair value ◆ Demand sticky for Grenke

◆ Investors eager despite lack of new issue premium ◆ Alpha goes to longest point on Greek banks' maturity curve to give higher yield ◆ Ibercaja's rarity works in its favour

Heavy pre-financing in 2025 may be depressing activity

◆ Deal follows NextEra’s euro hybrid debut last year ◆ Eight year tranche draws the larger book ◆ More Reverse Yankee issuance expected to follow

◆ Demand sticky despite tight pricing ◆ Trade performing in secondary ◆ Tight senior/sub spread spotted