Euro
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Contrasting approaches as BNG takes tried and tested trade while Ned Waters flies solo
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Two banks paid slim premiums but orders books built differently
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Weaker market no bar to riskiest capital for Swedish lender as DNB and LF Bank raise subordinated debt
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Natixis placed the note with a coupon of 8.5%
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Finnish issuer achieved bigger size than expected despite tight pricing
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Issuer bucks trend for duration demand as investors pick shortest tranche of three
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Euro paper was slow to build, but Swiss francs note flies off the shelf
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Mizuho's 'counterintuitive' 10.25 year tranche attracts more demand than its 5.25 note
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Sub-sovereign takes more than €6bn of orders, despite the EU keeping investors busy
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Limited issue size and the floating rate lure investors to the pre-CPI deal in an otherwise quiet day for FIG issuance
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Two deals demonstrated ample demand for covered bonds across the maturity curve
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Deals follow recent narrative of levfin market dominated by refis and financing for smaller bolt-ons