Europe

Agency issuers appeared after the EU cleared a €7bn syndication

Tricky week for corporate borrowing sees surge of issuance before US CPI data

Planisware's flotation was set to be the biggest in France for two years

Demand was less than the previous French duo, but compelling for the larger deal size

◆ Spanish bank finds 'good window' to pre-fund ◆ Pays just 10bp NIP for 4NC3 and eight year SNP ◆ Longer tranche is more popular

Part of Hungary's EU frozen funding is set to be released, but that will not benefit MBH's deal

◆ Senior euro funding pushed back in favour of covered bonds ◆ Both issuers and investors show preference for high grade products ◆ BPCE picks the US for a quadruple Yankee as sentiment recovers

US bank reduces UK staff count while continuing hiring spree

Local market deal will help the bank's domestic entity to fund cheaply and independently

Rising tension in the Middle East and interest rates fears are creating a turbulent backdrop for IPOs

After an abysmal September, covered bond volumes began to improve on Tuesday, as Caffil and Nationale-Nederlanden Bank returned to the market to raise €750m apiece, and Danish Ship Finance announced a new three year deal and a tender offer.

Bankers thought new deal as ‘very successful’ though ‘volatility concession’ was needed