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◆ Leads increase deal size due to demand ◆ Book kept growing after reoffer tightened ◆ Gap between Greek and Italian spreads shrinking, says rival banker
Three trades have come in as many days
◆ Three European lenders hit a busy Friday market with senior bonds ◆ OP Corporate Bank prints the largest of these in a two-part dual-format structure ◆ Once-a-year issuer Iccrea Banca lands at sub-100bp
Issuer braves market volatility to move ahead alone ahead of competing supply, achieving largest unsecured book
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Late-week surge shows investors remain hungry for paper despite macro volatility
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Regional US and Canadian banks dominate issuance as tight spreads outweigh Greenland jitters
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◆ Hamburg Commercial Bank prices with 0bp-1bp of NIP ◆ Crédito Agrícola attracts €2.7bn of orders for debut benchmark deal ◆ Erste Bank Hungary offers CEE pickup
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◆ Belgian bank's largest book since at least 2020 ◆ Issuer's first deal to be compliant with the EuGB standard ◆ NIP debated
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◆ Joint largest US bank deal in euros in at least five years ◆ More than twice subscribed ◆ Heightened premium compared to dollar funding
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◆ Mixed elements of senior, covered, SSA bonds ◆ Book peaked at more than €2bn ◆ Several deals paused amid macro worries