Euro

◆ Norwegian national champion's first unsecured euro deal since July 2023 ◆ Non-preferred green note priced with no premium ◆ Deal helped by ESG label, rarity and high ratings for the asset class

◆ French firm sells first covered deal for three weeks ◆ Five year tenor is Caffil's shortest for two years ◆ Sizeable new issue premium required

Swedish company adds to spate of subordinated corporate debt sales this month

Budget uncertainty and concerns on the government’s future cloud French agency market

Company made its first foray into sterling bonds last week

Commercial property risk still dogs sector but investors can distinguish credits

Hybrids find it hard to consistently hit the target as senior/subordinated spread shrinks

Sectors in peril while others restructure debt — welcome to the new normal

Hybrid deals remain challenging sale for issuers

◆ Investors demand higher concession on new tier twos ◆ de Volksbank issues latest euro deal and pays a premium ◆ Tweaks cost metrics to aim at higher profitability

◆ Large book for small tap ◆ Flight to safety helps swap spreads ◆ L-Bank grabs $1.25bn

Cable company goes big on short tranche in M&A related trade