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◆ Euro benchmark deal fixed at €1.5bn ◆ Banker said new issue premiums down slightly ◆ Lead managers picked comps at 23bp over mid-swaps
◆ Spread was tightened by 5bp through execution ◆ Order book was ‘high quality’ says banker ◆ Norweigan bank's first covered since October
◆ Issuer fixed size at €500m from outset ◆ Spread was over 20bp inside issuer’s last covered ◆ Covered was first from lender in 18 months

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Tweaks to trading book rules will be next stage of competition
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Come May, current dollar market's gain may turn into euro pipeline's pain
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European Central Bank's more 'balanced' tone may offer reprieve for bond execution
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European banks’ absence from primary market is ‘different this time’
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