◆ Smaller Italian bank has limited name recognition beyond home territory ◆ But strong book thanks to positive sentiment towards country ◆ Wide range of southern European banks used as comps
◆ French political turmoil 'largely isolated' as Piraeus sets new Greek AT1 records ◆ Euro unsecured market 'strong and resilient' ◆ Orders peak above €3bn but lack splash of recent AT1 books
◆ Issuer prints new green bond as French government teeters on collapse ◆ Deal comes tighter than shorter SNP green bond from March ◆ Latest trade in a recent Nordic senior series
As the latest senior issuance sets new low in FIG euro spreads and call premiums evaporate at the long end, questions are being asked — how low is too low?
