Euro

Roaring conditions tipped to remain until February as only intraday deals possible for now

◆ Duration and spread demand dictate investor demand even at tighter valuations ◆ Rabo exemplifies this trend into a €1bn 10.5 year SNP that was more than six times subscribed ◆ NBG and CIBC also print with arguably no concessions left

Longest senior IG corporate bond of year so far 10 times subscribed

The $2.5bn deal has given issuer more time to think about its next trade

Investors demand spread buffers as the future of interest rates remains unknown

Issuer reveals plans for seven and 30 year combo

Deal clinches tightest spread on a 10 year covered bond this year as French banks pay less to go longer

Banks push longer and tighter but investors keep coming back for more

Companies should explore 15 year bonds and longer after rates expectations turned upward this week

French banks are satisfying their appetite for long dated covered funding but whether infrequent core eurozone issuers can replicate this success remains to be seen

The first covered bond from a Spanish bank since February 2023 was priced with a lower premium than deals done a year ago

Logistics company pushes hard as similar trade from Sixt takes more moderate approach