Europe

◆ Large demand leads to large print ◆ Early momentum in quality book ◆ 'Everything flying' but spread to swaps also attracts

◆ 'Really good' spread to KfW ◆ More German issuance to come ◆ Two-step tightening but no attrition

◆ French company out for four and 20 year bonds ◆ High demand split evenly between them ◆ Both tranches tighten by 42bp during bookbuilding

'Abundant' liquidity to put downward pressure on pricing, say bankers

◆ New chapter in Greek banks' rehabilitation story ◆ Issuer 'reprices' Greek banks' short end curve due to huge demand from buyers of established FIG debt ◆ Deal reconfirms appetite for higher spread products

Romgaz trades flat to Romania's sovereign

Deal expected to be among the last before summer slowdown with volatility tipped to threaten primary market

Risk of complacency flagged as issuers continue to fund into summer

◆ UK telecom out in sterling and euro ◆ Undersupplied sterling still draws big crowds ◆ Volumes tipped to nosedive from midweek

Scrabble expected to sign deals before summer

Company bumps up loan amount and includes sustainability-linkages

Sovereign's 12 year note is its first green deal for six years