Euro

◆ German bank prints popular tier two under new green funding framework ◆ Label a positive ingredient, says rival banker ◆ Funding completed at no concession

Billions fall out of Stellantis's book after tightening by 40bp during bookbuilding

◆ Appetite for credit attracts trio to senior market despite weaker backdrop ◆ But face-to-face execution between two similar deals underlines limits for non-major global bank issuers◆ UniCredit diversifies funding with rare floater

◆ ‘Pragmatic’ issuer prices at new found level ◆ KfW bonds used as building block for pricing ◆ Deal should give ‘encouragement’ to others

The loan will refinance the German co-operative's 2018 revolver

◆ 'Capital is name of the game' as deals fetch high demand ◆ Athora surpasses size and pricing targets with RT1 refi ◆ BPER Banca restarts euro AT1 after pre-election wobbles in the asset class

Equinix, Otis and Zimmer take €2.7bn between them

◆ First SSA euro deal sold in nearly two weeks ◆ Rarity, yield and green label lead to 'strong success' ◆ E-supras' curves referenced for pricing

Bulging books and big spread moves order of the day for issuers including VWFS, GlaxoSmithKlein

◆ Bankers unanimous on fair value ◆ Senior market 'wide open' following US election ◆ More 2025 pre-funding expected

Parched market anticipates concessions to climb should supply return

◆ Issuers add tier two debt amid lower relative cost to senior layer ◆ Danske Bank prints in euros at no premium as Nordea said to have garnered largest size locally ◆ BNPP, HSBC and Westpac target dollar market