Euro
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◆ High demand for debut labelled FIG debt ◆ Two factors behind the single digit concession ◆ NordLB to break senior issuance hiatus in green
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Spanish agency served up 10th social bond as similarly labelled issuance has declined 10% year-on-year
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The Spanish region served up its sustainable debut to raise €500m
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Debut green issuers gain little traction as Thames Water makes for slippery market
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◆ Oversubscription did not materialise ◆ Rivals see pricing as too tight ◆ Helaba takes extremely rare Swiss route instead
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Covered bonds trade softer but spreads stable
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Issuance tipped to slow down significantly from now until late August
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◆ Illiquid Portuguese bank struggles and cuts deal ◆ Bank of Ireland lures investors with frequent issuer status ◆ Senior market 'receptive' but starting to slow down
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Size and spread of the bank’s latest transaction should ensure a fair performance
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Supranational will borrow less than most market players had predicted
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New hire tasked with building out Japanese firm's FIG DCM business in EMEA
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Borrowing levels tipped to increase towards the back end of the year