France

◆ French borrower takes €1.15bn across two tranches ◆ Balance struck between size and price to keep investors onside ◆ Small concession offered

◆ French services firm ends six year absence ◆ Deal hits upper end of size target ◆ Little attrition as borrower secures 'fair' price

◆ Combined books peak at over €6.5bn ◆ Deal comes close to target ◆ Cofiroute offers further tight infra supply

◆ Another French agency wraps up 2026 ◆ Attractive OAT yields support demand ◆ La Caisse shrugs off US-Canada trade woes

◆ Fourth euro tier two offering in a row ◆ Doubts about French FIG demand dispelled ◆ Short non-call period appeals to other financial institutions

◆ Supra taps euro market after raising dollars last week ◆ New European Green Bond from familiar name ◆ French agency more active in EuGB than others

◆ Groupe Bruxelles Lambert and Klépierre launch €500m deals ◆ GBL attracts larger book ◆ Both issuers pay small concessions

◆ 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

◆ First post-summer French deal came earlier than usual ◆ Issuer weighs up options before taking Friday window ◆ New spread record set, near-record demand received

Covered market provides 'the deepest pocket of demand' among FIG asset classes

◆ Second longer dated French deal in a row ◆ Issuer parks at a double digit spread inside the government's curve ◆ Concession paid

◆ French defence company returns after three years ◆ Combined books peak near €4bn ◆ Higher order book attrition on longer leg