Eurobank

◆ Coupon lands at same level as Commerz AT1 a day earlier ◆ Investors 'want Greek bank risk' ◆ Pipeline for AT1 and RT1 'looks thinner'

◆ Eurobank raises €400m to buy back €200m of acquired Hellenic Bank's tier two ◆ OP Corporate Bank makes first appearance in subordinated euro market since 2020 ◆ Clear preference for yield prevails

◆ Tightest deal from Greece since financial crisis ◆ Market unfazed by French political turmoil ◆ NIBC brings 'novelty' in a sub-benchmark Tier 2