Euro
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Even lowest rated names only pay up a handful of basis points
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◆ Bank's treasury explains rationale of latest deal ◆ Future funding plans ◆ International buyers book lion's share of new senior bond
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US issuer finds success in euros as Reverse Yankees bolster volumes
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Paris-based supra receives its highest rating for more than a decade
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Pipeline empties, but market participants say that’s no bad thing
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◆ 'Aggressive' 37.5bp tightening pays off ◆ Pricing close to Greek banks yet size largest for issuer ◆ Yield hunters latch on to 'niche' issuers
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Both find warm response, despite coming straight after French holiday
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◆ Dual tranche trade attracts over €5bn of orders ◆ 'Generous' spread fuels demand ◆ Other household names could tap quiet market before late August rush
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◆ Bastille Day no hindrance for FIG issuance ◆ Cypriot lender aims to expand investors on the back of 'very good' AT1 tailwind ◆ More issuers looking at potential deals
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German issuer has raised more than €60bn in 2023, with €25bn left to come
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Banks itching to issue as they fight for investor attention to keep premiums tight
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Central bank money is gone and rising rates are hacking at corporate credit quality