Euro
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◆ Euronext pushes short end sale tight ◆ Smurfit Kappa secures demand with new issue premium ◆ US logistics firm GXO debuts in euros -
New issue premium paid debated ◆ 'A lot of market' had expected dual tranche ◆ EU duration and funding needs questioned
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◆ Italian bank amasses €3bn-plus book for second covered of 2025 ◆ Bond issued at 45bp in line with Italian BTPs ◆ Bank said order book improved through the morning
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◆ Tight deal secured despite equity volatility ◆ Demand stronger at the short end ◆ Proceeds will 'prudently' refinance upcoming maturities
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◆ Bookrunners keen to test boundaries with pricing ◆ Strong order book attracts high proportion of real money investors ◆ Trade tightened by 6bp
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◆ French lender amasses huge €4.5bn book ◆ CFF prices only slightly wider than OATs ◆ Strong conditions could attract prefunding trades
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◆ Final book over €2.5bn for €500m deal ◆ 'Reconfirmation' of strong background for credit ◆ Lead tells issuers 'print now if you're ready'
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◆ Second EuGB issuance for A2A this year ◆ Smaller book than January's debut EuGB ◆ Shares slide after 2035 capex plan increased
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◆ Reoffer yield second lowest of the year ◆ Euro hybrid yields tear tighter ◆ Proceeds to refinance upcoming maturity
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◆ Choice expected, but some predict dual-trancher ◆ Overlap of accounts targeted ◆ Eurofima dollar mandate
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◆ Issuer 'happy they got the deal done given current levels' ◆ Fair value debated ◆ €500m trade confirmed as 2026 prefunding
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◆ Demand peaks at 4.6 times deal size ◆ Spread tightened by 37bp from IPTs ◆ Second euro outing this year for RTE
