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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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Steiermark and NordLB get their Pfandbrief over the line
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A trio of banks raised more than €4bn with strong demand
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Canadian lender pays ‘marginal’ concession and lands through dollars
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8x covered book shows the ‘sweet spot’ is the covered curve’s short end
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The largest deal in six months offered cheaper funding than euros
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Credit Ag and UniCredit AG built big order books