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Senior Debt

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Issuance from Turkey aside from the sovereign is down year-on-year, but not by much
Treasury volatility means a fair value estimate was more difficult than usual
◆ Finnish lender's longest senior bond in many years ◆ Issuer chooses lower price over higher size ◆ Deal clears with premium to core Nordic banks
◆ Italian banking in 'very interesting place,' lead says ◆ Low NIP ◆ First issue since Monte dei Paschi announced takeover bid
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  • ICBC Financial Leasing is on the road to meet investors ahead of plans to sell its first dollar bond of the year.
  • Abbey National may shortly return to the public senior market, after launching three cash tender offers in a bid to shift debt away from its operating company.
  • Italy’s scramble to prop up its weaker banks has halted what had been a strengthening rally in periphery bank debt last month, with the most recent deals all widening this week.
  • India needs a green bank to finance the expanding clean energy industry, according to a joint report from non-profit organisations the Natural Resources Defense Council and the Council on Energy, Environment and Water.
  • The Singapore branch of Industrial and Commercial Bank of China has become the lender’s first offshore unit to issue a fixed rate dollar bond this year, raising a larger than expected $800m.
  • Industrial and Commercial Bank of China’s Singapore branch has ventured out to the dollar bond market straight after the end of Labour Day holidays, launching a three year offering on Tuesday.