Europe
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Storied credit continues capital market rehabilitation with deal marketed on a spread basis, rather than yield -
◆ Issuer takes advantage of the duration bid ◆ Print close to fair value, if not inside ◆ Smaller compatriot Spar Nord Bank readying green debut
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Tweaks needed — and wanted — if DLT pilot regime is to take off
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Problems at BMW and VW weigh on the sector amid contagion worries
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Block trade bonanza as NewRiver moves in on Capital & Regional, and Lighthouse doubles up
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Bankers sanguine about extension of QT programme
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Knorr-Bremse, Grenke and Voestalpine market new trades after 50bp move
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◆ LCR eligibility attracts accounts ◆ Deal follows extensive roadshow ◆ Issuer plans to close spread gap to peers over time
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◆ Issuer sells euro bond on FOMC day ◆ Screen pricing ‘makes little sense’ ◆ Other comps helped price discovery
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◆ Illiquid secondary levels make determining fair value tricky ◆ No impact from UniCredit-Commerzbank merger rumours
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European borrowers sit on deals until they know the fallout from Fed's decision
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Eastern European sovereign continues its diversification drive
