Euro
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Well-funded SSA issuers take their time, but weak secondary performance worries bankers
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Belfius lands flat as Fineco prices with about 12.5bp of premium
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Why lock in a high spread just because primary conditions are stellar?
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European primary market activity has thrived this year with the central bank gone from the market
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New investor base hungry for periphery and non-standard covered products
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Negative concessions and bumper books swapped for getting stuck at IPTs and paying double digit premiums
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Germany SSA repricing needed but will Länder have to cheapen, or does KfW have room to tighten — and when?
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◆ Raises lower end of €1.25bn-€1.5bn target after feedback ◆ Reintroduces positive new issue premium from major FIG issuer ahead of possible slowdown ◆ Follows Singapore dollar tier two
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There is a strong investor bid for non-eurozone names
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Metro launches in line with initial price thoughts amid rising concessions
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Investors pile into 12 year as excitement continues to drain from ultra-long bonds
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Supra has already completed 44% of its borrowing by the end of February