Euro

Pipeline still bottled up but deals could flow once first issuers shake themselves out

As tariff storm eases, buyers grow more willing to move down the credit curve

◆ Nordea and CM Arkéa resume European senior funding absent since 'Liberation Day' ◆ Nordea likely to serve as floor for spreads in current market ◆ Arkéa goes slightly longer in its first deal of the year

◆ Undersupplied insurance sector lures buyers ◆ Bankers debate best comparables ◆ AT1 market reopens (sort of)

‘A strong focus on a fast execution process’ aimed to minimise uncertainty and volatility, says sovereign’s funding head

The Italian gaming group has amended and extended the facility initially completed in 2023

◆ Bill Ackman’s firm offers chunky spread ◆ But investors only offer modest demand ◆ Company only has one other euro trade outstanding

◆ Combined book one of the sovereign’s largest ◆ Swap spread volatility observed overnight ◆ Issuer ‘did well not to stretch’ the pricing

After soaring this month, May is expected to see new issue premiums return to next to nothing

M&G's hire comes amid the asset manager's push to expand loan origination capabilities in northern Europe

UK's Mark Capital turns to investment management company for funding

◆ A 'ballsy move by a UK name' to reopen euro sub ◆ Orderbook balloons to big size ◆ Banker views on concession vary