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◆ Japanese issuer returns for third time in euros ◆ Lures investors wanting to diversify with large but uncommon issuers ◆ Higher spreads and IPTs than recent European banks
◆ Deal starts with 'intentionally' lower new issue concession than peers ◆ Slower book building may influence this week's tier two issuance ◆ Pre-funding ahead of French elections results in desired €750m size
Books were €700m for what had been penned as a €750m deal
Data
Covered market provides 'the deepest pocket of demand' among FIG asset classes
Capital deals and a tight Nordic senior print point to what lies ahead for issuers
The single currency stands out as the most attractive funding source while the US dollar market remains open in size
Some evidence of green price advantage in secondary market, but not primary
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Further sub-IG Swiss franc deals unlikely as private bank clients nurse heavy recent losses -
Periods of intense primary activity could pressure spreads
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UK issuer achieves competitive funding cost compared to dollars but yen market remains challenging for foreign issuers
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In this table, GlobalCapital Asia offers a glimpse of the bond deals that are in the works
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The high spread and short tenor helped haul in demand on a difficult day
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Issuance heats up life as European banks scoop over €5bn from market
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Bond market's leading performers recognised at GlobalCapital's annual awards ceremony
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The winning institutions and individuals will be revealed at the awards dinner on June 17 in London
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