Euro

Pair pay smallest new issue premiums in recent history but conditions expected to worsen

Despite slower book building, new week opens a “compelling” issuance window

Banks encouraged to snatch the central bank bid while it is still there

A new ECB crisis programme would be another grave mistake

Orix Corporation on Wednesday moved ahead with a single four year green bond for its debut bond issue in euros. The decision to stay in a shorter maturity with an ESG label followed a two-day European investor roadshow during which the issuer had flagged the possibility of doing that tranche and/or an eight year conventional tranche.

Market tries to decipher what latest debt market manipulation programme might look like

French firms have raced ahead with funding as issuance pace outstrips previous years

German state brings ultra-long deal to thin market on eve of ECB meeting

French firms have raced ahead with funding as issuance pace outstrips previous years

Japanese conglomerate targets order book size with deal choice

Green bond from the Japanese issuer will come as financial institutions print a lower proportion of their debt in green unsecured format this year

Demand is especially strong in the short end but has been good out to 10 years