Euro
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German issuer is also monitoring issuing conditions in dollars and smaller markets such as Kangaroo
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◆ High oversubscriptions despite tight pricing show investors’ eagerness to buy FIG ◆ RBI prints a day after announcing potential Belarus exit ◆ Mizuho’s long 10 year confirms bid for duration
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◆ French bank raises €500m from a 12 year non-call seven tier two social bond ◆ Strong demand for FIG capital pushes final book to €5.6bn ◆ UBS returns to Singapore with fresh AT1
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Borrower first to brave the tenor, and sees bulging order books as a result
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Issuer was one of a handful of German SSAs to benefit from a quiet primary market this week
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Subscription ratio of 5.7 but rival bankers debate premium
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Bankers away from mandate question fair value estimate from syndicate
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US issuer lands 'outstanding' deal, prompts hopes it could spur Reverse Yankee issuance
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◆ Leasing company returns at the three year part of curve a month after issuing €1.5bn in fours and sevens ◆ New deal adds more supply to frequently tapped short end of the curve ◆ Pays about 5bp-10bp NIP but prices tighter than recent three and four year notes
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Investors ‘could become more selective’ over 10 year deals
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Embattled company’s long dated spreads resilient despite new defensive plan and S&P downgrade
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Euro bond investors put in orders 5.1 times the deal size as issuers smash records