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◆ Italian bank increased benchmark size to €750m ◆ Deal expected to perform in secondary ◆ Covered was one of two issued on Thursday
◆ Canadian bank lands tightest euro covered this year ◆ Further Canadian issuance on the day ◆ Banker on the deal said tranches were priced just inside fair value
◆ Austrian bank's first covered in nearly two years ◆ Both tranches offered 5bp of NIP says banker ◆ Modest 3bp tightening reflects 'normalisation' of covered market
◆ German bank secured spread tightening across tranches◆ Banker said first tranche offered small NIP but second had nothing ◆ Tuesday’s deals failed to deliver the spectacular order books of last week
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Bankers away from Argenta’s trade say pricing started wide
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Bankers say primary covered market remains in great shape
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Issuer prices close to fair value, having pulled a 12 year tier 2 in early January
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Mood stays 'very constructive' as ECB meeting proves a 'non-event'
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German issuer follows recent French successes in longer-end
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Issuer responds to bank treasury demand for FIG FRNs and seven year duration