Euro

Stubborn SSA market sets floor on covereds as regional differences evaporate

Market to come back strong after pausing for central bank meetings and Lunar New Year

Lenders predict big demand for project finance this year

Lack of supply, not demand, will cause any slowdown in euro covered market say bankers

Swedish agency plans to tap dollars in March at the earliest

◆ Reverse Yankee FIG issuance 17 times greater than 2024 ◆ US banks benefit from cross-currency basis ◆ Bankers discuss Reverse Yankee pipeline

Wave of non-European names expected in euros while continent's corporates are in blackouts

◆ Tightest non-preferred pricing since 2020 ◆ Spread nears Bankinter's previous preferred debt sales ◆ Supportive market even at tight valuations ◆ Light secondary performance down to limited premium

◆ Deal over 3x covered ◆ Peer supply 'only way to look at pricing' ◆ No-grow label helps deal

◆ Deal four times covered ◆ Walloon used as reference ◆ Higher than average tightening

◆ German lender enjoys window alone ◆ Eye-catching spread attracts bumper book ◆ Deal lands close to fair value

Swedish company presented first major results test in troubled auto sector