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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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Subscription ratio ends strong despite slow start to book building
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Canadians looks to sterling as dollars get ‘more challenging’
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German, Norwegian and Italian deals were successfully priced on Wednesday but lacked sparkle
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Crédit Agricole Italia and other Italian issuers to follow
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Deal priced a record 20bp tighter than Toronto Dominion's
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Westpac, CIBC and TD have also found sizeable dollar funding