Euro

French retailer gets big book in buoyant market for its fourth SLB

◆ PIC preparing to take £200m new net capital after maxing tender offer ◆ Sogecap takes the road for first deal since 2014 ◆ Meanwhile parent SocGen calls dollar AT1

Small concessions and smooth rides give hope of decent week ahead

◆ Four deals attract €12bn of demand ◆ JPM resuscitates Reverse Yankee bank sales after five-month hiatus ◆ Bank of Ireland scores largest oversubscription and pays lowest premium

APA Infra's debut was second highest hybrid book relative to deal size in 2023, according to Primary Market Monitor

Italian government bonds cheapen versus Germany

The Czech issuer had waited several weeks for a window to issue

Banks have a promising but fleeting funding window that could push unsecured issuance for the year to a new record

As stress builds, spreads predicted to swing wider

Danish lender builds on recent success of regional peers SEB and DNB

◆ Funding conditions become even more favourable following the FOMC's decision to stay pat ◆ Deal clears with slim concession of up to 5bp ◆ Good deal results and sentiment could lure Friday issuance

Australian firm sparks hope that there is still life in Europe’s corporate bond market