Europe

◆ Inaugural green bond for Belgian real estate ◆ Solid demand at allocation despite orderbook attrition ◆ Low single-digit new issue premium paid

◆ Trade the first since merger in May ◆ New name appeals to sticky investors ◆ No concession needed to secure size

◆ Recent EU syndication provided encouragement ◆ Greenium debated ◆ ESG investors bolster orders

◆ Big order book achieved ◆ Coupon set to land north of 4% ◆ Attractive pickup over swaps

◆ German bank's first sterling senior note in almost four years ◆ Premium paid ◆ Valuations 'quite squeezed' in wider sterling market

Ottobock prices at top of range

◆ UK ports operator extends sterling run ◆ Orderbook remains sticky despite tighter spread ◆ Negative new issue premium

◆ Largest CEE deal since 2013 ◆ Issuer ends five year absence with tight print ◆ No concerns over French parent

French bond markets were blasé despite the prime minister's shock resignation

◆ Smaller Italian bank has limited name recognition beyond home territory ◆ But strong book thanks to positive sentiment towards country ◆ Wide range of southern European banks used as comps

◆ Deal ASTM's first in euros since 2021◆ Strong demand allows for tight pricing ◆ IG corporate volumes healthy despite market noise

Banks still keen to lend in France amid renewed political uncertainty