Euro

◆ How German deal demonstrates improving sentiment ◆ Paper from UK and Italian banks also popular ◆ Issuers urged to print as investors fall into line

Despite frequent issuance, first green bonds from finance arm fly

Tactic of bringing a ‘materially different’ transaction paid off

Former National Express joins stream of new bond issuers

Investors turn up for triple-B rated debt from out of favour sector

◆ Belgian bank completes its largest deal at €600m ◆ Debut green bond attracts ‘classic ESG’ investors ◆ Lower tier bank issuers are starting to face some indigestion in the euro FIG market

Supply resumes after issuers took a nearly three month break

Deals went well but have not dispelled concerns around the fragility of euro covered bond demand

Danaher spin-off water company plants its flag in the euro market

Issuers to 'de-risk' euro covered bond funding with short dated deals

Solid market conditions help corporate borrowers print close to curves

◆ Only 10bp-15bp needed to seal sophomore euro sale ◆ Little investor attrition as interest for the format grows