Euro
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Issuer raises nearly $4bn within three days across different currencies
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Banks are getting busy refinancing additional tier one — could even UBS issue?
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A rise in corporates looking to print debut deals comes as lending conditions tighten across Europe
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Mixed bag of results for borrowers leaves sell-side scratching its head as to what to do next
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Life sciences group sees investors falling over themselves to buy its debt
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◆ Inaugural deal starts 40bp-50bp back of fair value ◆ BFCM's social sale proves popular as investors pledge €2.9bn
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From top end high yield to A- rated debutants, investors had a plethora of choice
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Swedish borrower builds curve to fund acquisition
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◆ Competing supply weighs on demand for Ifis deal ◆ Illiquid curve makes deriving a premium tricky ◆ Mediobanca adds to Italian labelled supply
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◆ Smaller European banks 'take advantage' of absent national champions in euros ◆ Bankinter, Santander Consumer Bank land deals with up to 10bp NIP ◆ Austria's RBI prepares debut SNP
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The turning macro cycle means smaller bank issuers can afford to take their time and steer clear of the seemingly piping hot but unpredictable bond market