Euro

UK exchange prints €1.4bn in largest corporate deal of the day

◆ Pent-up demand supports issuer set to regain IG ◆ Concession was 0bp-10bp, below what eurozone periphery smaller issuers have paid ◆ BayernLB chooses extra day of marketing for tier two

Second busy day hints at strong end to September corporate issuance

KfW finds investors reluctant to pay a greenium

Orderbooks almost 20% higher than yearly average

◆ ING raises €1.75bn from first opco issue for four years ◆ Rare deals meet good investor response ◆ Bid is much stronger for shorter tenors

KfW's long seven year in SSA market could indicate whether covered deals too could extend beyond five years

SEK and SFIL prep dollar bonds as KfW and ALS ready euro supply

◆ 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

◆ 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

Investors spying peak rates are packing the new issue market, tempting issuers to accelerate

Issuers face a field of hazards, including opaque pricing and unreliable secondaries