Euro
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Bankers expect lack of competing supply from larger names will drive strong outcomes
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◆ Bankers debate restart of FIG issuance ◆ Outright yield levels remain attractive ◆ Technical factors considered
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European banks well-insulated from tariff talk, but negative sentiment clouds pipeline
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Lenders say project finance economics are working once more
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Issuer reaps rewards of relative value shift
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Both euros and dollars set to get action as big name issuers lead the way
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Sharp risk aversion meets iron clad technical bid for corporate paper
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◆ 'A nice spread' ◆ Upgrade potential ◆ BAWAG opts for sub-benchmark tier two
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◆ Large tightening in line with recent trades ◆ Prices flat or through fair value ◆ No French agency deals expected next week
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◆ Danish bank finds demand with Friday print ◆ Shorter tenor appeals to investors ◆ Deal lands close to fair value
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Come February unsecured volumes may surprise amid subdued risks, but tight pricings pose a challenge
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Individual order sizes swell as issuers switch tactics to keep books buoyant