Euro
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◆ Finnish lender's longest senior bond in many years ◆ Issuer chooses lower price over higher size ◆ Deal clears with premium to core Nordic banks -
◆ Italian banking in 'very interesting place,' lead says ◆ Low NIP ◆ First issue since Monte dei Paschi announced takeover bid
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◆ 'Strong' bid from international and domestic accounts ◆ Priced inside of issuer's target level ◆ Lower NIP than last week's trades
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◆ Second euro hybrid for Engie this year ◆ Peak demand tops €4.9bn as investors chase yield ◆ Book halves at final count but remains strongly covered
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The deal could help refinance Uber’s recent $14.8bn takeover of Delivery Hero
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OTP plans first Swissie issue from a Hungarian bank for 16 years
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◆ Both issuers choose €500m no-grows ◆ M&G makes bond debut in green format ◆ Sage keeps attrition at bay with sticky book
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Heavy domestic supply from banks and corporates also meets strong demand
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Contrasting investor receptions in euro and sterling markets but new issue premiums rise in both
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Companies are using various tactics to hold books together as investors push back harder on pricing
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◆ German bank launches new capital as it seeks to buy back old AT1s ◆ Deal lands amid UniCredit takeover... ◆ ... and prices close to where Italian bank's capital trades
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◆ Finnish agency records largest green demand ◆ Deal came 10 years after issuer's ESG debut ◆ 'Right level' versus Finland and EIB
