Euro

FIG issuers have shown that investors are ready to absorb all the supply that comes their way

◆ Strong demand for capital supports two major banks' simultaneous deals ◆ Deutsche goes big and pays concession ◆ SG restricts size for a punchy print at fair value

‘Whole curve open’ for SSA issuers but seven year point stands out as ‘interesting’ spot amid euro curve shape shift

◆ Issuer lands in 'the place to be' amid strong demand for covereds ◆ Achieves its largest covered book since at least 2023 ◆ After 7bp tightening the bond was spotted another 2bp tighter to erase new issue concession

Nofal Shehzad at Eurofima and Antonio Gómez-Chaparro de Luna at BNP Paribas discuss the supranational's recent euro deal

Estonian sovereign outing its first under local law

◆ Mercedes-Benz prints its first euro public deal of 2026 ◆ Traton's debut green bond pays small NIP ◆ Both issuers tapped euro private placements this year

Dollar and euro flow picks up in private placements

◆ Aerospace firm ends near six year euro market absence ◆ Books soar for seven year deal ◆ Trade lands close to fair value

◆ Several market currents support new long five years ◆ UniCredit GmbH achieves larger size close to fair value ◆ CRH pushes annual covered funding to €3.15bn

◆ Both deals garner strong demand despite heavy issuance ◆ ANZ diversifies capital away from Aussie and US funding markets ◆ Uniqa tenders old bond with its largest capital sale in at least six years

◆ Eurofima made rare visit to euro four year conventional curve ◆ New issue premium estimated ◆ Region Wallonne grabs solid order book