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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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The deal was driven by demand from banks with very little real money interest -
Senior bank bonds are expected to pay at least 10bp of new issue concession
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Demand for the Dutch green debut was four times greater than for BSH’s Pfandbrief
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Eighteen minutes is all that was needed to build books on speedy Swiss senior sale
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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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Pipeline fills but secondary market havoc is hampering new issues
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Bond market's leading performers recognised at GlobalCapital's annual awards ceremony
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