Euro
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The financing was completed in part with a private credit lender -
Hungarian bank is set to embark on a non-deal roadshow later this month
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Up to €10bn expected from across the ratings spectrum, but long maturities looking tricky
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◆ Issuer changes pattern of Tuesday's dual tranche deals ◆ Cheaper relative funding cost at front end prompts FRN ◆ Bank's first senior euro foray of 2025
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Loan bankers say that some sectors look particularly shaky after Trump tariffs
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◆ Issuer happy to print more at tight price ◆ Single digit premium paid ◆ Australian covered spreads hold firm
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◆ Rare green trade using EU's new standard ◆ Lands inside fair value ◆ Books fall by €1bn from peak
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◆ Bond secured against a pool of export credit agreements ◆ Santander gets biggest bid-to-cover ratio since March ◆ Deal lands flat, if not through, fair value
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◆ UK bank has euro sub market to itself ◆ New NIP range established ◆ More capital trades said to be in pipeline
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◆ HSBC, NatWest, Société Générale print similar dual tranche senior deals ◆ 'No canibalisation' despite €8bn concentrated supply ◆ Bid for duration on all deals
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◆ Triple tranche trade finds mixed demand ◆ Shortest tranche lands inside fair value ◆ 'Significant' demand for high rated short end to park cash
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◆ Spain adds a new sustainable issuer ◆ No-grow deal was well oversubscribed ◆ Another European sub-sovereign next up
