Euro
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◆ Bank's second public deal lands tighter than its debut ◆ Deal size set early 'to give clarity' ◆ Minimal attrition in order books -
◆ Soft open gives way to stronger afternoon ◆ 'Will price in range' tag may have reassured investors ◆ Quick money blamed for orderbook attrition
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◆ Muted reaction in Bund spreads opens door for German issuer ◆ Issuer opts for low beta, short-dated offering ◆ Investors 'cannot be too picky' warns banker
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Issuance in February running higher than last year
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Defence, utilities and real estate all likely to need more loans
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◆ Demand weighted to either end of curve ◆ TotalEnergies tightens eight year tranche more ◆ Business as usual after German election
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◆ Deal is third Aussie trade in a week ◆ Aussie lender takes size ◆ Slim orderbook necessitates slim premium
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◆ Low attrition for euro senior preferred ◆ Consensus on new issue premium ◆ European investors eye scarce UK issuers
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Slow week expected as market digests results of the parliamentary elections
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◆ 10 year note raises €750m alongside €500m five year ◆ Longer note lands double digits through govvies ◆ Slim to no premiums paid for both bonds
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◆ Drinks maker looks to pay single digit concession over its curve ◆ Peak demand drops by €950m at final books ◆ Borrower cuts growth forecast
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More investors drawn to the transforming French bank, which taps market at 'perfect window'
