Europe
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◆ Danske saves with three year floater ◆ No NIP needed for Danske’s seven year tranche ◆ DNB’s €1bn print only just covered -
Deal turned out larger than some had expected
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Demand nearly four times the deal size allowed pricing to tighten sharply
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One-for-five issue backed by core shareholders, following successful hybrid
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◆ French issuer picks size over price ◆ ‘Three handle’ important to secure investor interest ◆ Danske readies fixed and floating rate notes
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◆ 12bp move from IPTs ‘remarkable’ ◆ €1bn print lands flat to inside fair value ◆ Iccrea to follow with 10 year OBG
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French defence company has lined up Bpifrance as a cornerstone investor
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Shares trade above issue price on Friday after sale
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An €8bn book for its debut hybrid puts company in strong position ahead of rights issue
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‘All stars aligned’ for the sovereign to serve up third deal of 2024
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The UK utilities group has launched the biggest rights issue in Europe since 2021
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Rare Italian issuer attracts strong interest from private banks, while Crédit Agricole scores a hat trick
