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◆ Post-ceasefire rally brings predictability to market direction ◆ Quick execution brings the deal within vicinity of fair value ◆ Price discovery needed within German senior preferred universe
◆ French bank swiftly acts after spreads tighten following ceasefire rally ◆ Fair value spread returns to pre-war level ◆ Bank pays small new issue premium
◆ Belgian bank captures strong investor commitment ahead of US deadline for Iran ◆ Execution completed in tight, fast-changing window ◆ New deal lands 10bp wider than its previous SNP with a similar concession
There's been a lack of ESG labelled FIG issuance in March, despite this year's volume being higher than last year
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UK and international investors want to buy foreign bank debt in sterling
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Fast bookbuilds and solid outcomes highlight strength of euro FIG market
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LF Bank and Banco BPM land senior deals with up to 10bp of concession
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Insurer’s flat curve makes determining fair value ‘difficult’
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Investors support wide array of deals as secondary market tightens
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PSA Banque’s debut green bond took the lead as it vied for attention with ALD, Arval