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◆ 'Strong demand' supported tight execution, DCM banker said ◆ Landeskbank sought to expand international participation ◆ Concession debated
◆ Dutch lender's latest €2.5bn senior holdco follows Aussie domestic senior foray ◆ Comes a day after $1.5bn AT1 and before green RMBS ◆ Demand for senior unsecured assets is strong as ING clears big funding with limited, if any, new issue concession
◆ Investors eager despite lack of new issue premium ◆ Alpha goes to longest point on Greek banks' maturity curve to give higher yield ◆ Ibercaja's rarity works in its favour
◆ Deal sets new multi-year tight spread for a senior non-preferred euro bond ◆ Sale follows Nordea Bank's seven year senior preferred from last week ◆ Both issuers offer some new issue concession to compensate for low spreads
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Intesa offers up to five tranches out to 10 years as Rabobank issues private tier two
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Shorter dated senior debt is better selling, though investors are also showing appetite for the belly of the curve at 20bp NIP
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Wind-down of central bank Covid schemes prompts bank issuers to revisit old friends
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Investors eager to lock in 'interesting yield' for Italy's national champion
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Non-core currencies are giving European banks a funding afterparty, after time was called on the rally in core markets, where borrowing costs have risen
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Tightening of price guidance on new Yankee deals for FIG issuers has decreased as US investors consider prospect of more rate rises