Europe
-
Bankers see stabilising activity after sustainability-linked volumes 'decoupled' from wider lending market -
◆ French issuer sells hybrid and two year floater ◆ Peak orders for hybrid more than eight times deal size ◆ FRN prices inside fair value
-
◆ Second French senior bond in a row after slight improvement in tone ◆ Clear concession to cushion political jitters ◆ €4bn book proves appetite for French FIG
-
◆ How French issuers are responding to political ructions ◆ French corporate, agency, bank and sovereign bonds discussed ◆ French lender brings innovative European Defence Bond
-
Primary market unruffled, but EFSF and EU to test sentiment next week
-
Foreign investors show confidence in French assets, including innovative defence financing deal, as political concerns grow
-
Corporates could trade through OATs as September 8 snap vote nears
-
◆ Novel deal first of a kind from a non-SSA issuer ◆ Delivers 'political message' in readiness for defence financing ◆ Bankers debate whether issuer paid 'generous' concession
-
Headline risk ‘doesn’t tamper with the appetite for SSA products’ at the moment
-
◆ Deal is first since French PM called confidence vote ◆ Some concession left on top of wider secondary levels ◆ Bankers call French covered paper 'attractive'
-
◆ Spanish borrower brings another green print to euros ◆ Peak orders more than three times deal size ◆ Tight spreads persist for IG corporates
-
◆ French issuers pile into market ◆ Both borrowers push hard on spread ◆ Other French names expected before September 8 government vote
