Euro
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Reversal in expectations sees UK buyers accounting for the largest chunk of demand in French bank's long dated senior foray
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Investors piled into trades ahead of the Thanksgiving shutdown
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Spread cranked in but tier two still pays premium over sterling
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SEK’s recent euro bond helped with price discovery
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Maltese bank’s senior non-preferred plans resurface two months after mandate
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The more factors needed to find starting prices, the worse the outcome
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Portuguese bank will not call €300m subordinated bond and instead will try to swap it for a new deal of at least €125m
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Publisher picks senior debt over hybrid now it will not have to fund M&A
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KBN re-establishes access to euros while SEK and NIB print in a tough dollar market
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Investors still appear keen to add risk as year end approaches
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Robust demand for unsecured paper in euros has allowed large as well as less frequent issuers to complete well-subscribed senior deals with strongest demand manifesting at the long end
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Issuers are keeping SSA deal flow going as year-end approaches