Euro

Sub-benchmark covered bond cannot be tightened as attractive window closes

Saint-Gobain, Kering and EnBW join buzzing corporate debt market

◆ Nordea's deal shows greenium is alive in the FIG market ◆ Pricing was flat to fair value thanks to robust demand ◆ Bawag uses tender to reallocate old investors into new €400m tier two refinancing

◆ Macquarie Group's first euro senior deal in almost two years ◆ Aussie name likely lured investors ◆ S-Bank issuing euro FRN

Nearly new borrower lands one of the tightest spreads of the year

Short end demand wanes as investors adjust to 'peak rates' narrative

◆ Strong market sentiment backs new deal and potential FIG issuance as spreads tighten ◆ Views on NIP differ but SG's outcome was unanimously 'very good' ◆ Austrian and Australian issuers on the way

High beta and long duration back in demand after US inflation falls

Maturity back in demand as inflation appears to be under control

Dealers away say rich pricing versus Pfandbrief led to disappointing orders

Spanish borrower braves market on major data day for investor sentiment

◆ Portuguese lender has authorisation to redeem its only AT1 early ◆ Atypical action suggests no replacement deal ◆ Last week's red-hot AT1 reception suggests strong demand reserved for biggest banks