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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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But demand was considerably below its debut offering -
The Finnish deal offered a substantial premium over benchmark sized deals
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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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New plan should be designed in a way to avoid splintering eurozone banks
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EU's new syndication takes centre stage in rates market as bonds are bid in the grey and will offer a good pick-up
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The two deals will provide a helpful gauge of demand for other issuers in central Europe
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Bond market's leading performers recognised at GlobalCapital's annual awards ceremony
The awards recognise the market's leading deals, issuers, banks and other participants
The winning institutions and individuals will be revealed at the awards dinner on June 17 in London
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