France
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Spreads tighten by more than average in sign that investors are far from sated -
◆ Book building slows ◆ Spread tightening lessens ◆ Volume not to blame for lower demand
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◆ Deal takes €250m more than targeted ◆ Slim premium paid for duration ◆ Investors still happy to buy despite longer tenor
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Borrower finds flexibility and investor diversification at no added cost
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◆ Short dollar deal came with huge savings ◆ A long euro followed ◆ Issuer to look at PPs and taps for arb funding
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UK bank recruits dealmaker from Groupe Bruxelles Lambert
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◆ Bpifrance prices year's largest benchmark ◆ French agency spread to swaps attractive ◆ AFD found opportunities in dollars
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Investors commit to French capital raise despite moribund market
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French rights issue ends subscription period while ACG Acquisition Co extends roadshow
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Investors show they are still at their desks during the most illiquid weeks of the year
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Transaction was 67% subscribed, with anchor investors and backstopping bondholders promising to take the rest
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Flurry of deals in euros with more to come as Monday supply already beats last week’s total volume
