Eurobank

With a relentless flow of cash into credit markets this year, almost every borrower could be said to have done well. But some issuers stood out for their ability to establish new footholds in certain markets that have since paved the way for peers

◆ Investors absorb new bank capital ◆ BBVA prices at tightest euro AT1 reset spread of 2025 ◆ Eurobank returns after May AT1 debut

◆ New chapter in Greek banks' rehabilitation story ◆ Issuer 'reprices' Greek banks' short end curve due to huge demand from buyers of established FIG debt ◆ Deal reconfirms appetite for higher spread products

◆ 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