Europe
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◆ Intesa takes €1.25bn with first covered bond since 2019 ◆ 12bp of concession left on the table ◆ Portugal’s Banco BPI to follow with its own covered return
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Investor confidence seems unaffected by Saturday’s aborted coup in Russia
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Rampant market tested the limits of investor appetite this week just as central bank support ebbs away
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The real estate sector has been one of the main casualties of the fight against inflation
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Issuer offers to exchange hybrid rather than not call it, but some say it's just kicking the can down the road
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Appointment follows exit of Oliver Sedgwick
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◆ Successful growth of deposit base funds tender ◆ P&L uptick ◆ PBB has not issued public debt since January
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Luxury stocks have outperformed this year despite the turbulent economic backdrop
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Rising borrowing costs is causing turbulence in Europe's real estate sector
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After Tuesday's difficulties, the Dutch bank showed the market works
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More pile in for euros following NLB's 'blowout' €500m print
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Convertible issuance slowed this quarter, despite rising rates and higher share prices