Europe
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◆ Second public euro deal for Volvo this year ◆ Demand stays firm through pricing ◆ Small new issue premium spotted -
◆ High portion of international investors ◆ New issue premium paid ◆ Spread to KfW tighter
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◆ Swedish bank tightened spread by 28bp ◆ LF Bank opted for the €500m no-grow format ◆ Bonds offered 2bp of new issue premium, an expert said
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◆ First hybrid from Belgian utility since 2023 ◆ Size rises by €400m from benchmark ◆ Final book shrinks sharply by allocations
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◆ Greek bank tightened spread by 25bp ◆ One of two green bonds sold on Tuesday ◆ Green label creates 'stickier' order book, says banker
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The new issue premium was, at most, 10bp
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No deals were reported on Monday, but supply could restart the next day
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Inaugural European Green Bond Standard deal in the works as issuer remains committed to at least one green bond each year with or without new label
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◆ French pharma prints along liquid parts of the curve ◆ Two shorter tranches land flat to fair value ◆ Danaher showed demand for high rated issuers earlier in the week
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◆ Safer credits prove popular in uncertain market ◆ Alliander sheds orders as it punches through fair value ◆ Argan ends near five year euro absence
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Swiss insurer Helvetia Baloise prints first bond since merger
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The ratings review finished with both upgrades and downgrades linked to senior bonds now being subordinated to regular deposits
