Euro

Food service company sees chunky order book for sustainable debt

Bankers away from Argenta’s trade say pricing started wide

◆ German issuer's new deal fits within the 20bp-25bp differential for SP and SNP bonds of tight European FIG names ◆ Tenor matches investors' and issuers' 'sweet spot' ◆ Majority sold in Germany where DekaBank enjoys strong name recognition

Bankers say primary covered market remains in great shape

◆ Brandishing its new IG rating from Fitch, issuer prices through fair value ◆ Market tone strong due to limited issuance ◆ DekaBank next in the pipeline with a €500m five year SP

Despite strong start to funding, bankers said sooner or later the issuer will need to sell a new 10 year bond via syndication

Longer maturities more popular as BMW and Mitsubishi HC tighten all tranches

Lowest rung of investment grade in spotlight as real estate continues rehabilitation

Demand for long-dated public sector bonds, including private placements, is rising

From long-dated covered and senior bonds to regulatory capital deals; all were priced tight this week. Even after Thursday's ECB meeting, nothing looks set to worsen conditions for issuers

European corporate bond issuance down on last year but good pricing and capex could tempt borrowers

Blackouts leave market calm unexploited after rates stay at 4%