Euro
-
◆ Several factors behind the aggressive pricing technique ◆ Scarcity value pays off in 'super strong' market ◆ Possible refinancing of a called, grandfathered tier two -
Pipeline includes LBBW's dual tranche that will also feature a 10 year maturity
-
Demand for high yielding paper drives comeback for most subordinated bank capital
-
Asset managers are ruling the roost
-
-
Market paying close attention to EU issuance plan
-
Key central bank policy meetings have cleared the air, but confidence is lacking
-
German federal state attracts nearly €3bn of demand for inaugural social bond
-
Corporate debt catching retail buyers’ eyes again after yields rise
-
◆ Investors attracted to higher spread sales ◆ Pair need 15bp concession to cross the line
-
◆ New funding combined with early refinancing ◆ Similar concession to compatriot's AT1 ◆ 'Euphoric' market welcomes subordinated debt
-
A compelling spread, limited deal size and quiet market provided the ingredients for success
