Euro
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◆ Both deals are expected to price as early as Tuesday ◆ Unlikely to compete for demand due to differing ratings and buyer bases ◆ NBG will print the first Greek bond after Moody’s rating upgrades
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◆ Canadian lender sells first Friday bank print in euros since April ◆ Euro market offers something different to dollars ◆ Concession of 15bp needed to seal the deal
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Investors spying peak rates are packing the new issue market, tempting issuers to accelerate
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Issuers face a field of hazards, including opaque pricing and unreliable secondaries
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For deals to go well, companies need to cough up
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Issuer has one more benchmark transaction planned for 2023
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◆ SocGen stands out with its first bond outing after new strategy revealed ◆ Debt investors show better welcome for the €2.5bn dual trancher than equity markets ◆ Crédit Mutuel Arkéa completes €500m tight print
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Storied credit started with sub-benchmark plans but drummed up enough demand
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Belgian lender pays up to land €2bn book for three year Pandbrieven deal
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Pharma company wins blowout order book as investors pile in for yield
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Italian banks flock to the euro bond market to refinance before TLTRO deadlines