Euro
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Beijing-based supra ‘extremely tempted’ to catch the strong bid in euros but says it is in no rush
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◆ Investors lodge big orders so as not to miss current spreads and yields before rate cuts ◆ This sentiment especially strong for sub debt ◆ Mediobanca also issues €300m tier two that was 4.5 times covered
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Latest case involves BNP Paribas’s dollar Disco which it will call. BNPP will disqualify similar legacy euro notes from counting as tier two capital
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Italian bank hopes to build on compatriots' recent success
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Funding chief 'couldn't have wished for better conditions'
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Market recovers from shaky start as smart pricing draws huge order books
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◆ Portuguese lender lands deeply subordinated capital deal far tighter than when it first intended to call old note in November ◆ 'Super strong' market for FIG capital serves a tailwind ◆ 50bp tightening from IPTs
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Société Générale becomes fourth issuer to launch senior FRN in euros this year
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Debut in sterling wins whopping £3.25bn final book
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The sovereign attracted a large book after record-breaking deals from peers
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QE era swap valuations driving bank treasuries into bonds
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Supra takes intraday slot ahead of busy week for euro SSAs