Euro
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◆ Brandishing its new IG rating from Fitch, issuer prices through fair value ◆ Market tone strong due to limited issuance ◆ DekaBank next in the pipeline with a €500m five year SP
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Despite strong start to funding, bankers said sooner or later the issuer will need to sell a new 10 year bond via syndication
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Longer maturities more popular as BMW and Mitsubishi HC tighten all tranches
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Lowest rung of investment grade in spotlight as real estate continues rehabilitation
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Demand for long-dated public sector bonds, including private placements, is rising
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From long-dated covered and senior bonds to regulatory capital deals; all were priced tight this week. Even after Thursday's ECB meeting, nothing looks set to worsen conditions for issuers
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European corporate bond issuance down on last year but good pricing and capex could tempt borrowers
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Blackouts leave market calm unexploited after rates stay at 4%
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French bank can afford to be opportunistic thanks to its well-advanced funding plan, as it will not immediately rush to revisit the subordinated debt market after its pulled tier two deal, its head of capital markets tells GlobalCapital
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Popular fallen angel proves depth of bid for lower ratings
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French, German and Canadian issuers printed their first euro bonds of the year
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◆ Pricing comes tighter than where LBBW and Helaba last issued similar SNP floaters ◆ Deal will enhance BayernLB's credit rating