Euro

Troubled company drums up big response with high spread market return

European market seeking clues on the Fed’s next rates decision

Senior market 'in good shape' with plentiful of liquidity

◆ Risky debt offerings unhindered by French political worries ◆ Groupama prices debut deeply subordinated capital at 'better than anticipated' level ◆ La Mondiale sees result as good omen for its RT1

◆ Transaction set to price through BTPs ◆ Social format offers ‘something a bit unique’ ◆ Aareal Bank joins covered pipeline

◆ Leads say deal landed well inside fair value ◆ Rivals say result points to ‘halcyon days’ of early 2024 ◆ Other issuers said to be eyeing Rabobank's callable FRN structure

‘Brave’ choice to tap the 30 year part of curve but both tranches proved a hit

Issuers both land big books as market quickly shrugs off French election volatility

More issuers, possibly including French SSAs, are geared up to tap primary this week

Silfin also lines up a deal as French politics opens primary market wide

◆ Market takes surprise election results in stride ◆ Insurance companies leading with plans to raise deeply subordinated debt ◆ Bank capital and senior deals in euros and dollars also on the cards

◆ MPS to launch a new covered format ◆ Infrequent and higher yielding issuer suggests market is 'stable and open' after French elections ◆ A 'few other' covereds are in the pipeline